Hubbell Inc. has seen significant movements in its stock, with firms such as
Curi Capital LLC,
Boothbay Fund Management,
Engine NO. 1 LLC,
Bain Capital Public Equity Management II LLC and others purchasing more shares.
State Street Corp has a $891.72 million stock position, and the
California Public Employees Retirement System purchased 5,620 shares. However, other entities like
Axa S.A,
Daiwa Securities Group Inc., and
Marshall Wace LLP are reducing their positions. On an operational front, it completed the acquisition of
DMC Power for $600 million. This is expected to enhance their utility solutions portfolio and create around 350 jobs. Their Q3 report had mixed results – the sales and margins have been soft, but the company has raised the 2025 EPS guidance. The company has demonstrated a strong fundamental outlook, although Wall Street Zen has lowered the rating to 'Buy'. CFO Bill Sperry has announced his retirement, with Joseph Capozzoli stepping into the role. Despite several challenges, the company still stands as an industrial powerhouse with prospects for growth mainly driven by utility solutions.
Hubbell Incorporated HUBB News Analytics from Tue, 04 Feb 2025 08:00:00 GMT to Sat, 13 Dec 2025 16:09:30 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 2
