Hubbell (NYSE:HUBB) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Hubbell (NYSE:HUBB) from a hold rating to a buy rating in a research note released on Saturday.

Several other analysts have also issued reports on HUBB. Wells Fargo & Company reduced their target price on shares of Hubbell from $550.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Mizuho set a $575.00 target price on shares of Hubbell in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Morgan Stanley upped their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Finally, Barclays upped their target price on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average target price of $533.50.

Hubbell Stock Performance

Shares of HUBB stock opened at $535.90 on Friday. The firm has a market capitalization of $28.49 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 2.63 and a beta of 1.00. The firm has a fifty day simple moving average of $503.70 and a two-hundred day simple moving average of $469.26. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell has a 12 month low of $325.08 and a 12 month high of $548.97.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business posted $4.10 EPS. Hubbell’s quarterly 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 forecast that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, February 27th. Hubbell’s payout ratio is 34.07%.

Insider Activity at Hubbell

In related news, insider Mark Eugene Mikes sold 2,601 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the transaction, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the transaction, the vice president directly owned 2,769 shares in the company, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Hubbell

Several institutional investors have recently added to or reduced their stakes in HUBB. Jones Financial Companies Lllp lifted its holdings in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares during the last quarter. Empowered Funds LLC lifted its holdings in 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 purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in 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 purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Hubbell in the first quarter worth about $599,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

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.