Hubbell (NYSE:HUBB) Given New $565.00 Price Target at Morgan Stanley

Hubbell (NYSE:HUBB) had its target price raised by equities researchers at Morgan Stanley from $515.00 to $565.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price target suggests a potential upside of 18.36% from the stock’s previous close.

A number of other brokerages have also issued reports on HUBB. UBS Group reiterated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Barclays increased their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Finally, Evercore lifted their price target on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $536.00.

Hubbell Stock Performance

Shares of NYSE HUBB traded down $0.70 during mid-day trading on Wednesday, hitting $477.36. 197,635 shares of the company were exchanged, compared to its average volume of 566,809. The stock has a 50 day simple moving average of $492.73 and a 200-day simple moving average of $456.97. Hubbell has a 1-year low of $299.42 and a 1-year high of $533.80. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.38 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 2.46 and a beta of 1.00.

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

Insider Activity at Hubbell

In related news, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the transaction, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 34,689 shares of company stock valued at $17,407,395. 0.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hubbell

A number of large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after buying an additional 34 shares during the period. NBT Bank N A NY purchased a new position in shares of Hubbell during the 4th quarter worth about $27,000. Raiffeisen Bank International AG boosted its position in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Finally, Baillie Gifford & Co. increased its position in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds 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.