Hubbell (NYSE:HUBB) Raised to Buy at Wall Street Zen

Hubbell (NYSE:HUBB) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research firms have also recently issued reports on HUBB. UBS Group reaffirmed a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Mizuho set a $575.00 price target on Hubbell in a research note on Wednesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $550.00 price target on shares of Hubbell in a report on Thursday, February 5th. Morgan Stanley set a $515.00 price objective on Hubbell in a research report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Stock Down 0.9%

Shares of Hubbell stock opened at $472.11 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The stock has a market capitalization of $25.10 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00. Hubbell has a 52-week low of $299.42 and a 52-week high of $533.80. The company has a 50-day simple moving average of $491.37 and a two-hundred day simple moving average of $456.28.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, analysts anticipate that Hubbell will post 17.63 EPS for the current fiscal year.

Insider Transactions at Hubbell

In related news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 34,689 shares of company stock valued at $17,407,395. Corporate insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Hubbell

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares during the period. Empowered Funds LLC grew its position 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 buying an additional 196 shares during the period. Geneos Wealth Management Inc. increased 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 buying an additional 155 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Hubbell during the first quarter valued at approximately $599,000. Finally, Crestwood Advisors Group LLC bought a new position in Hubbell in the second quarter worth approximately $219,000. 88.16% of the stock is currently owned by 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.