Hubbell (NYSE:HUBB) Coverage Initiated by Analysts at UBS Group

Equities researchers at UBS Group started coverage on shares of Hubbell (NYSE:HUBB) in a research note issued on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $450.00 price target on the industrial products company’s stock. UBS Group’s price objective suggests a potential upside of 7.23% from the company’s previous close.

HUBB has been the subject of several other research reports. Stephens reissued an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a research note on Thursday, September 11th. Mizuho lifted their price objective on shares of Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Barclays increased their price target on Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $473.86.

Hubbell Stock Up 0.6%

Shares of HUBB stock opened at $419.68 on Thursday. Hubbell has a twelve month low of $299.42 and a twelve month high of $484.26. The company has a current ratio of 1.36, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $436.65 and a 200 day moving average of $419.89. The stock has a market cap of $22.30 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.60 and a beta of 1.00.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.19. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.49 earnings per share. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, sell-side analysts expect that Hubbell will post 17.63 EPS for the current year.

Insider Transactions at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,470 shares of Hubbell stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total value of $1,152,255.00. Following the transaction, the insider owned 4,785 shares in the company, valued at $2,232,202.50. This trade represents a 34.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $470.32, for a total value of $945,813.52. Following the sale, the insider owned 3,243 shares of the company’s stock, valued at $1,525,247.76. The trade was a 38.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its position in Hubbell by 16.9% during the 3rd quarter. Captrust Financial Advisors now owns 9,550 shares of the industrial products company’s stock valued at $4,109,000 after purchasing an additional 1,379 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Hubbell by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,508 shares of the industrial products company’s stock worth $1,510,000 after acquiring an additional 144 shares during the period. Danske Bank A S bought a new position in Hubbell during the 3rd quarter valued at $27,143,000. Advisory Services Network LLC acquired a new stake in Hubbell during the third quarter valued at approximately $93,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Hubbell during the 3rd quarter worth $170,000. 88.16% of the stock is currently owned by institutional investors.

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.