Wall Street Zen upgraded shares of Hubbell (NYSE:HUBB – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday.
HUBB has been the topic of a number of other reports. Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Barclays upped their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Finally, Wells Fargo & Company boosted their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.
Check Out Our Latest Research Report on HUBB
Hubbell Price Performance
Hubbell (NYSE:HUBB – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $3.50 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts expect that Hubbell will post 19.86 EPS for the current year.
Hubbell Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Hubbell’s payout ratio is 33.55%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. State Street Corp raised its holdings in shares of Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after buying an additional 40,623 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hubbell by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after buying an additional 10,898 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Hubbell by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock worth $539,257,000 after buying an additional 60,071 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Hubbell by 0.8% during the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock worth $507,356,000 after buying an additional 9,202 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.
Hubbell Company Profile
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.
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