Hubbell Inc (NYSE:HUBB) Receives $497.25 Consensus PT from Brokerages

Hubbell Inc (NYSE:HUBB) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $529.75.

Several brokerages have recently issued reports on HUBB. Morgan Stanley set a $515.00 target price on shares of Hubbell in a research note on Wednesday, January 7th. Wall Street Zen upgraded Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Wells Fargo & Company lifted their target price on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group reaffirmed a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Finally, Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday.

Insider Buying and Selling at Hubbell

In related news, Director John F. Malloy acquired 435 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the transaction, the director directly owned 19,085 shares in the company, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Hubbell

A number of large investors have recently added to or reduced their stakes in HUBB. Townsquare Capital LLC boosted its stake in shares of Hubbell by 0.8% in the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 22 shares during the last quarter. BSW Wealth Partners lifted its holdings in Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 22 shares during the period. Unique Wealth LLC lifted its holdings in Hubbell by 2.6% in the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 23 shares during the period. GAMMA Investing LLC boosted its position in Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after purchasing an additional 23 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of HUBB opened at $503.28 on Wednesday. Hubbell has a fifty-two week low of $299.42 and a fifty-two week high of $513.59. The firm’s 50-day simple moving average is $463.99 and its two-hundred day simple moving average is $444.71. The stock has a market cap of $26.75 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 1.72.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period 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. Analysts anticipate that Hubbell will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s payout ratio is currently 34.07%.

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.