Hubbell (NYSE:HUBB) Stock Rating Upgraded by Wells Fargo & Company

Hubbell (NYSE:HUBB – Get Free Report) was upgraded by Wells Fargo & Company to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

A number of other research analysts have also recently commented on the company. UBS Group restated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Robert W. Baird began coverage on Hubbell in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley boosted their price target on Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $551.78.

Check Out Our Latest Stock Report on Hubbell

Hubbell Stock Performance

Shares of HUBB stock opened at $466.21 on Thursday. The company’s fifty day simple moving average is $474.06 and its 200-day simple moving average is $489.37. Hubbell has a 52 week low of $403.82 and a 52 week high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The company has a market cap of $24.63 billion, a PE ratio of 27.60, a P/E/G ratio of 2.28 and a beta of 0.89.

Hubbell (NYSE:HUBB – Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $4.93 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities research analysts anticipate that Hubbell will post 20.43 EPS for the current year.

Insiders Place Their Bets

In related news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction dated 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 transaction, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Hubbell during the 2nd quarter valued at about $2,455,986,000. Bank of New York Mellon Corp acquired a new position in Hubbell in the second quarter valued at approximately $783,142,000. Geode Capital Management LLC boosted its stake in Hubbell by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after acquiring an additional 10,898 shares during the period. Deutsche Bank AG bought a new position in shares of Hubbell during the second quarter valued at approximately $610,053,000. Finally, Boston Partners grew its holdings in shares of Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after purchasing an additional 278,649 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

About Hubbell

(Get Free Report)

Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.

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Analyst Recommendations for Hubbell (NYSE:HUBB)

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