Hubbell (NYSE:HUBB) Stock Gets Price Target Cut from Mizuho

Hubbell (NYSE:HUBB) had its price target cut by Mizuho from $575.00 to $560.00 in a research report released on Thursday, Marketbeat.com reports. They currently have an outperform rating on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company began coverage on Hubbell in a research report on Thursday, September 24th. They set an “equal weight” rating and a $531.00 price objective on the stock. Seaport Research Partners reiterated a “buy” rating and issued a $580.00 price objective on shares of Hubbell in a report on Wednesday, September 30th. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $557.89.

Hubbell Stock Performance

HUBB stock opened at $461.27 on Thursday. The stock has a market capitalization of $24.37 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.30 and a beta of 0.85. Hubbell has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock’s 50 day simple moving average is $468.96 and its 200 day simple moving average is $488.18.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $4.93 EPS. The company’s 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. As a group, research analysts forecast that Hubbell will post 20.50 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 31st. Hubbell’s payout ratio is 33.63%.

Insider Buying and Selling

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On Hubbell

Institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its holdings in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Schuylkill Financial LLC bought a new position in shares of Hubbell during the 2nd quarter valued at about $30,000. Keating Financial Advisory Services Inc. bought a new position in shares of Hubbell during the 2nd quarter valued at about $35,000. Leonteq Securities AG purchased a new position in shares of Hubbell during the first quarter valued at about $33,000. Finally, Fiduciary Financial Advisors purchased a new position in shares of Hubbell during the second quarter valued at about $37,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

About Hubbell

Hubbell Incorporated (NYSE:HUBB) designs and manufactures electrical and utility products used to support the generation, transmission, distribution and control of electricity. The company serves electric utilities, electrical contractors, industrial businesses, commercial facilities and communications infrastructure providers.

Its Utility Solutions products include transmission and distribution equipment, connectors, insulators, arresters, grounding and bonding products, substation equipment, and enclosures for underground electrical systems.