Hubbell Inc (NYSE:HUBB) Given Average Rating of “Moderate Buy” by Brokerages

Hubbell Inc (NYSE:HUBB) has been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $546.25.

Several research firms have commented on HUBB. Wells Fargo & Company boosted their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Evercore boosted their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Barclays boosted their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th.

Hubbell Trading Down 2.0%

NYSE HUBB opened at $461.61 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell has a 52 week low of $374.68 and a 52 week high of $565.50. The stock has a market capitalization of $24.54 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 2.37 and a beta of 0.95. The firm has a 50 day moving average of $504.22 and a two-hundred day moving average of $481.49.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 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 during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts expect that Hubbell will post 19.83 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be 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 is Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.

Institutional Trading of Hubbell

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after buying an additional 1,468,701 shares during the last quarter. State Street Corp lifted its position in shares of Hubbell by 1.8% during 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Hubbell by 15.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after buying an additional 226,856 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hubbell by 0.8% during 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Hubbell by 5.2% during 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 during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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.