SG Americas Securities LLC Acquires 34,483 Shares of Hubbell Inc $HUBB

Key Points

• SG Americas Securities LLC boosted its Hubbell stake by 842.1%, buying 34,483 shares to own 38,578 shares (about 0.07% of the company) worth roughly $17.13 million.
• Insiders have been net sellers: executives including Mark Eugene Mikes and VP Nero Jonathan M. Del reduced their holdings, and insiders sold a total of 34,689 shares worth about $17.41 million over the past three months.
• Analysts have a consensus "Moderate Buy" rating with a $536 target; the stock recently traded near $480.91, Hubbell set FY2026 EPS guidance of 19.15–19.85, and it pays a quarterly dividend of $1.42 (about a 1.2% yield).

SG Americas Securities LLC lifted its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 842.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,578 shares of the industrial products company's stock after acquiring an additional 34,483 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Hubbell worth $17,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBB. Jones Financial Companies Lllp lifted its position in shares of Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company's stock worth $795,000 after purchasing an additional 1,518 shares during the period. Empowered Funds LLC increased its position in shares of Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company's stock valued at $408,000 after buying an additional 196 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company's stock valued at $70,000 after buying an additional 155 shares during the period. Acadian Asset Management LLC bought a new position in Hubbell in the first quarter worth about $599,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Hubbell by 0.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 322,081 shares of the industrial products company's stock worth $131,541,000 after buying an additional 2,091 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 2,601 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares in the company, valued at $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares of the company's stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last three months. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HUBB shares. UBS Group reaffirmed a "neutral" rating and set a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Wall Street Zen cut Hubbell from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Wells Fargo & Company lifted their price target on Hubbell from $515.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley upped their price target on Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Hubbell has a consensus rating of "Moderate Buy" and a consensus target price of $536.00.

Hubbell Price Performance

Shares of HUBB opened at $480.91 on Friday. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The firm's 50-day simple moving average is $496.11 and its two-hundred day simple moving average is $460.79. The stock has a market cap of $25.57 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

Hubbell (NYSE:HUBB - Get Free Report) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business earned $4.10 earnings per share. The business's revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $1.42 per share. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell's payout ratio is presently 34.07%.

About Hubbell

Hubbell Incorporated NYSE: HUBB is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company's offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.

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