SCS Capital Management LLC Invests $468,000 in Hubbell Inc $HUBB

Key Points

• SCS Capital Management LLC has acquired a new stake in Hubbell Inc, purchasing 1,415 shares valued at approximately $468,000 during the first quarter.
• Hubbell recently reported earnings of $4.93 per share for the last quarter, exceeding analyst expectations, but its revenue was slightly below the forecast.
• The company announced a quarterly dividend of $1.32 per share, with a payout ratio of 34.29%, reflecting a dividend yield of 1.2% for shareholders.

SCS Capital Management LLC acquired a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,415 shares of the industrial products company's stock, valued at approximately $468,000.

Several other large investors also recently made changes to their positions in HUBB. Nuveen LLC purchased a new position in shares of Hubbell in the first quarter worth approximately $213,283,000. Adage Capital Partners GP L.L.C. grew its position in Hubbell by 181.6% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company's stock worth $322,702,000 after purchasing an additional 628,886 shares in the last quarter. Deutsche Bank AG grew its position in Hubbell by 35.1% during the 1st quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company's stock worth $365,353,000 after purchasing an additional 287,047 shares in the last quarter. GAMMA Investing LLC raised its stake in Hubbell by 52,429.8% during the 1st quarter. GAMMA Investing LLC now owns 192,259 shares of the industrial products company's stock valued at $636,200,000 after purchasing an additional 191,893 shares during the period. Finally, PointState Capital LP purchased a new stake in shares of Hubbell in the fourth quarter valued at $78,443,000. Institutional investors own 88.16% of the company's stock.

Hubbell Stock Down 0.5%

HUBB traded down $2.08 during midday trading on Wednesday, hitting $433.36. 92,484 shares of the company's stock traded hands, compared to its average volume of 611,052. The company has a market cap of $23.03 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99. The stock's fifty day simple moving average is $431.90 and its 200-day simple moving average is $389.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. Hubbell Inc has a one year low of $299.42 and a one year high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, equities analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Hubbell's dividend payout ratio (DPR) is 34.29%.

Wall Street Analyst Weigh In

HUBB has been the topic of several recent analyst reports. Wells Fargo & Company raised Hubbell from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stephens reissued an "overweight" rating and issued a $500.00 price target on shares of Hubbell in a research report on Thursday, September 11th. Finally, Barclays increased their price target on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $472.63.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.