15 Small-Cap Manufacturing Stocks Hedge Funds Are Buying

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8. Hubbell Inc. (NYSE:HUBB)

Market Capitalization as of April 25: $19.28 billion

Number of Hedge Fund Holders: 38

Hubbell Inc. (NYSE:HUBB) designs, manufactures, and sells electrical and utility solutions internationally. It operates through two segments: Electrical Solutions and Utility Solutions. It designs and manufactures various industrial controls and communication systems for use in the non-residential and industrial markets, as well as in the oil & gas and mining industries.

In 2025, Hubbell anticipates organic growth of 4% to 6% within its Utility solutions segment, which makes it the highest growth area for the company. This outlook is supported by the company’s ability to capitalize on electrification-driven load growth and interconnection projects across the transmission, substation, and grid protection and controls markets.

While the meters and AMI (Advanced Metering Infrastructure) business within Utility Solutions is expected to decline year-over-year in 2025, Hubbell Inc. (NYSE:HUBB) is confident that both telecom markets and the high-margin utility distribution markets will return to growth within the year. In Q4 2024, the Utility Solutions segment grew its sales by 4%. This was majorly fueled by the acquisition of Systems Control. This acquisition provides turnkey solutions in the substation market.

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