Hubbell Inc (NYSE:HUBB – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $557.89.
HUBB has been the topic of a number of research analyst reports. Seaport Research Partners reaffirmed a “buy” rating and set a $580.00 price target on shares of Hubbell in a report on Wednesday, September 30th. Wells Fargo & Company began coverage on shares of Hubbell in a report on Thursday, September 24th. They set an “equal weight” rating and a $531.00 price target on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Morgan Stanley set a $600.00 price objective on shares of Hubbell in a research report on Friday. Finally, Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th.
View Our Latest Stock Analysis on Hubbell
Insider Activity at Hubbell
In related news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is owned by insiders.
Institutional Investors Weigh In On Hubbell
A number of large investors have recently made changes to their positions in HUBB. BlackRock Inc. purchased a new stake in Hubbell during the second quarter valued at approximately $2,455,986,000. Bank of New York Mellon Corp purchased a new stake in shares of Hubbell in the 2nd quarter worth $783,142,000. Deutsche Bank AG purchased a new stake in shares of Hubbell in the 2nd quarter worth $610,053,000. First Trust Advisors LP increased its stake in shares of Hubbell by 26.9% in the 1st quarter. First Trust Advisors LP now owns 714,287 shares of the industrial products company’s stock worth $350,529,000 after purchasing an additional 151,467 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hubbell by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 512,643 shares of the industrial products company’s stock worth $251,531,000 after purchasing an additional 4,894 shares during the period. 88.16% of the stock is currently owned by institutional investors.
Hubbell Price Performance
Shares of NYSE HUBB opened at $461.27 on Monday. The firm has a market cap of $24.37 billion, a P/E ratio of 27.31, a PEG ratio of 2.30 and a beta of 0.85. Hubbell has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The company has a 50 day moving average of $468.96 and a 200 day moving average of $488.30.
Hubbell (NYSE:HUBB – Get Free Report) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, research analysts expect that Hubbell will post 20.50 EPS for the current fiscal year.
Hubbell Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is 33.63%.
Hubbell Company Profile
Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.
Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.
Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.
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