Hubbell (NYSE:HUBB) Given New $486.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Hubbell’s price target to $486 from $485 while maintaining a “neutral” rating, implying approximately 11.95% upside from the prior close.
• Analyst sentiment remains generally positive: Hubbell has a consensus “Moderate Buy” rating and an average price target of $546, based on six Buy and five Hold ratings.
• Hubbell reported a quarterly earnings beat, with EPS of $5.91 versus $5.75 expected and revenue of $1.87 billion versus $1.85 billion expected; revenue grew 24.6% year over year.

Hubbell (NYSE:HUBB - Get Free Report) had its target price boosted by JPMorgan Chase & Co. from $485.00 to $486.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 11.95% from the stock's previous close.

Several other research analysts have also issued reports on the company. Wall Street Zen lowered Hubbell from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Evercore restated an "outperform" rating and issued a $630.00 target price on shares of Hubbell in a research note on Friday, October 9th. Seaport Research Partners restated a "buy" rating and issued a $580.00 target price on shares of Hubbell in a research note on Wednesday, September 30th. Morgan Stanley set a $600.00 target price on shares of Hubbell in a report on Friday, October 16th. Finally, Robert W. Baird dropped their target price on shares of Hubbell from $550.00 to $540.00 and set an "outperform" rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $546.00.

Hubbell Price Performance

Shares of HUBB traded down $0.15 during mid-day trading on Wednesday, reaching $434.13. The company had a trading volume of 662,616 shares, compared to its average volume of 581,632. Hubbell has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The company's 50-day moving average is $461.92 and its 200-day moving average is $488.34. The company has a market capitalization of $22.94 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.23 and a beta of 0.85.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Tuesday, October 27th. The industrial products company reported $5.91 EPS for the quarter, topping the consensus estimate of $5.75 by $0.16. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. Hubbell's revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company earned $5.17 EPS. On average, equities analysts anticipate that Hubbell will post 20.50 EPS for the current year.

Insider Buying and Selling

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction 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 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 document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of Hubbell

Several large investors have recently made changes to their positions in HUBB. Schuylkill Financial LLC bought a new position in shares of Hubbell in the second quarter valued at about $30,000. Keating Financial Advisory Services Inc. bought a new stake in Hubbell during the 2nd quarter worth about $35,000. Leonteq Securities AG bought a new stake in Hubbell during the 1st quarter worth about $33,000. Fiduciary Financial Advisors bought a new stake in Hubbell during the 2nd quarter worth about $37,000. Finally, Arlington Trust Co LLC increased its position in Hubbell by 83.7% in the 2nd quarter. Arlington Trust Co LLC now owns 79 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 88.16% of the company's stock.

Hubbell News Summary

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Hubbell reported third-quarter adjusted EPS of $5.91, ahead of the $5.75 consensus estimate, while revenue reached $1.87 billion versus expectations of $1.85 billion. Revenue increased 24.6% year over year, and EPS rose from $5.17 in the prior-year quarter. Hubbell Q3 earnings and revenues surpass estimates
• Positive Sentiment: Management raised full-year adjusted EPS guidance to $20.40-$20.60 and increased its Electrical Solutions organic-growth outlook to 17%-18%. The company also highlighted strong data-center demand, including a reported 51% segment increase, supporting the growth outlook. Hubbell raises 2026 EPS and Electrical Solutions outlook
• Positive Sentiment: Robert W. Baird maintained an “outperform” rating, indicating confidence in Hubbell’s long-term prospects, although it reduced its price target from $550 to $540. Robert W. Baird Hubbell rating
• Neutral Sentiment: The earnings call and related coverage emphasized continued demand from grid modernization and data centers, but investors are evaluating whether that growth is already reflected in Hubbell’s valuation.
• Negative Sentiment: The stock fell despite the earnings beat because the raised guidance was viewed as broadly in line with Wall Street expectations rather than a material upward surprise. This muted the positive impact of the strong quarter and may have prompted profit-taking. Hubbell sinks despite Q3 beat

Hubbell Company Profile

Hubbell Incorporated NYSE: HUBB is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell's Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.

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