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

Hubbell Inc (NYSE:HUBB) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $553.8889.

A number of equities analysts recently issued reports on HUBB shares. Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Barclays raised their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, Robert W. Baird began coverage on shares of Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective for the company.

Hubbell Stock Performance

HUBB opened at $470.29 on Friday. The firm has a market capitalization of $24.85 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. The stock’s 50 day moving average price is $492.88 and its two-hundred day moving average price is $497.69. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell has a 12-month low of $403.82 and a 12-month high of $565.50.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company earned $4.93 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities analysts forecast that Hubbell will post 20.41 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is owned by corporate insiders.

Institutional Trading of Hubbell

A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its position in shares of Hubbell by 48,520.9% during the second quarter. California State Teachers Retirement System now owns 39,838,018 shares of the industrial products company’s stock valued at $20,843,251,000 after purchasing an additional 39,756,082 shares during the period. BlackRock Inc. bought a new position in Hubbell in the second quarter worth $2,455,986,000. Wellington Management Group LLP lifted its position in Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares during the period. State Street Corp boosted its stake in Hubbell by 1.8% during the fourth 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. Finally, Bank of New York Mellon Corp acquired a new stake in Hubbell during the second quarter worth $783,142,000. Institutional investors 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.