Nykredit A S Purchases New Shares in Hubbell Inc $HUBB

Key Points

• Nykredit A/S purchased 25,230 Hubbell shares during the second quarter, valued at approximately $13.2 million. Institutional investors collectively own 88.16% of Hubbell’s outstanding stock.
• Hubbell exceeded quarterly expectations, reporting $5.52 in adjusted EPS versus the $5.39 consensus and $1.71 billion in revenue, up 15.3% year over year. The company maintained fiscal 2026 EPS guidance of $20.25–$20.55.
• The company paid a quarterly dividend of $1.42 per share, equivalent to an annualized $5.68 dividend and a 1.3% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $555, above the reported share price of $447.24.

Nykredit A S bought a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,230 shares of the industrial products company's stock, valued at approximately $13,200,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBB. Pinnacle Bancorp Inc. grew its stake in shares of Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Schuylkill Financial LLC purchased a new position in shares of Hubbell during the second quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Hubbell in the second quarter worth $35,000. Leonteq Securities AG bought a new stake in shares of Hubbell during the 1st quarter valued at about $33,000. Finally, Fiduciary Financial Advisors purchased a new position in shares of Hubbell during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Activity at Hubbell

In related news, VP Jonathan Del Nero sold 547 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the sale, the vice president directly owned 2,933 shares of the company's stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is owned by insiders.

Hubbell Trading Up 0.1%

NYSE HUBB opened at $447.24 on Monday. The company has a fifty day simple moving average of $476.04 and a two-hundred day simple moving average of $490.10. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a market cap of $23.63 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.19 and a beta of 0.89.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, analysts forecast that Hubbell Inc will post 20.43 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Hubbell's dividend payout ratio is presently 33.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HUBB shares. UBS Group reiterated a "neutral" rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Robert W. Baird initiated coverage on shares of Hubbell in a research note on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target for the company. Morgan Stanley boosted their price objective on shares of Hubbell from $565.00 to $575.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 2nd. Weiss Ratings downgraded Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Hubbell in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $555.00.

Hubbell Company Profile

Hubbell Incorporated NYSE: HUBB is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.