Hubbell (NYSE:HUBB) Stock Price Target Cut by Mizuho

Key Points

• Mizuho lowered Hubbell’s price target from $575 to $560 while maintaining an “outperform” rating, implying 18.63% upside from the prior close.
• Analyst sentiment remains positive overall: Hubbell has an average “Moderate Buy” rating and a consensus price target of $555.11, supported by multiple Buy and Outperform recommendations.
• Hubbell’s latest quarterly results exceeded expectations, with adjusted EPS of $5.52 and revenue of $1.71 billion, up 15.3% year over year; shares opened at $472.04 and were down 1.2%.

Hubbell (NYSE:HUBB - Get Free Report) had its price target decreased by analysts at Mizuho from $575.00 to $560.00 in a report released on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Mizuho's price target suggests a potential upside of 18.63% from the company's previous close.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company began coverage on shares of Hubbell in a research report on Thursday, September 24th. They set an "equal weight" rating and a $531.00 price target for the company. Sanford C. Bernstein reissued an "outperform" rating on shares of Hubbell in a research report on Wednesday, July 29th. Weiss Ratings raised Hubbell from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Seaport Research Partners reiterated a "buy" rating and issued a $580.00 target price on shares of Hubbell in a research note on Wednesday, September 30th. Finally, Robert W. Baird initiated coverage on Hubbell in a report on Thursday, August 20th. They set an "outperform" rating and a $550.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Hubbell has an average rating of "Moderate Buy" and an average price target of $555.11.

Hubbell Trading Down 1.2%

NYSE HUBB opened at $472.04 on Thursday. Hubbell has a one year low of $403.82 and a one year high of $565.50. The company's 50 day moving average price is $470.89 and its 200 day moving average price is $488.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.38 and a beta of 0.85.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts' consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the previous year, the company posted $4.93 earnings per share. Hubbell'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. On average, sell-side analysts predict that Hubbell will post 20.45 EPS for the current year.

Insider Activity

In related news, VP Jonathan Del Nero sold 547 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.63% of the company's stock.

Institutional Trading of Hubbell

Several institutional investors and hedge funds have recently bought and sold shares of HUBB. IFP Advisors Inc raised its stake in shares of Hubbell by 2.1% during the second quarter. IFP Advisors Inc now owns 1,181 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 24 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Hubbell by 2.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,101 shares of the industrial products company's stock valued at $500,000 after purchasing an additional 26 shares during the period. Meeder Advisory Services Inc. increased its position in shares of Hubbell by 1.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,698 shares of the industrial products company's stock valued at $833,000 after purchasing an additional 28 shares during the period. Root Financial Partners LLC raised its stake in shares of Hubbell by 26.7% in the 1st quarter. Root Financial Partners LLC now owns 147 shares of the industrial products company's stock worth $72,000 after buying an additional 31 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its stake in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock worth $26,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.