Hubbell (NYSE:HUBB) Stock Bumped Up to "Hold" by Wells Fargo & Company

Key Points

• Wells Fargo upgraded Hubbell to “Hold”, while analysts’ overall consensus remains “Moderate Buy” with an average price target of $551.78.
• Hubbell shares opened at $466.21, below their 50-day and 200-day moving averages, after trading between $403.82 and $565.50 over the past year.
• The company reported quarterly EPS of $5.52, beating estimates of $5.39, while revenue rose 15.3% year over year to $1.71 billion. Management’s fiscal 2026 EPS guidance is $20.25–$20.55.

Hubbell (NYSE:HUBB - Get Free Report) was upgraded by research analysts at Wells Fargo & Company to a "hold" rating in a note issued to investors on Thursday, Zacks reports.

Several other equities research analysts have also weighed in on HUBB. Robert W. Baird began coverage on Hubbell in a research report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target on the stock. UBS Group reiterated a "neutral" rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. 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 report on Saturday, August 1st. Finally, Morgan Stanley upped their target price on shares of Hubbell from $565.00 to $575.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Hubbell has a consensus rating of "Moderate Buy" and a consensus target price of $551.78.

Hubbell Price Performance

Shares of NYSE HUBB opened at $466.21 on Thursday. Hubbell has a 1 year low of $403.82 and a 1 year high of $565.50. The stock has a market capitalization of $24.63 billion, a P/E ratio of 27.60, a P/E/G ratio of 2.28 and a beta of 0.89. The company's 50-day moving average is $474.06 and its 200 day moving average is $489.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business posted $4.93 earnings per share. Hubbell'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, sell-side analysts expect that Hubbell will post 20.43 earnings per share for the current year.

Insider Activity

In other news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. grew its stake in shares of Hubbell by 15.6% during the 2nd quarter. QRG Capital Management Inc. now owns 4,450 shares of the industrial products company's stock valued at $2,328,000 after purchasing an additional 600 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Hubbell by 13.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,919 shares of the industrial products company's stock worth $7,276,000 after purchasing an additional 1,698 shares during the period. Tidal Investments LLC lifted its stake in shares of Hubbell by 112.9% in the 2nd quarter. Tidal Investments LLC now owns 130,013 shares of the industrial products company's stock worth $68,023,000 after purchasing an additional 68,958 shares during the period. National Pension Service boosted its holdings in shares of Hubbell by 4.7% in the second quarter. National Pension Service now owns 90,320 shares of the industrial products company's stock worth $47,255,000 after buying an additional 4,040 shares during the last quarter. Finally, SailingStone Capital Partners LLC boosted its holdings in shares of Hubbell by 128.5% in the second quarter. SailingStone Capital Partners LLC now owns 27,328 shares of the industrial products company's stock worth $14,298,000 after buying an additional 15,368 shares during the last quarter. Institutional investors own 88.16% of the company's stock.

About Hubbell

Hubbell Incorporated NYSE: HUBB is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.

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