Hubbell Inc (NYSE:HUBB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $555.00.
Several equities research analysts have recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Sanford C. Bernstein restated an "outperform" rating on shares of Hubbell in a research report on Wednesday, July 29th. Robert W. Baird started coverage on shares of Hubbell in a report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price objective for the company. Weiss Ratings lowered Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen downgraded Hubbell from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st.
Check Out Our Latest Report on Hubbell
Insider Buying and Selling
In other news, VP Jonathan Del Nero sold 547 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.63% of the company's stock.
Institutional Investors Weigh In On Hubbell
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Hubbell during the 2nd quarter worth about $2,455,986,000. Bank of New York Mellon Corp bought a new position in Hubbell during the 2nd quarter worth approximately $783,142,000. Deutsche Bank AG acquired a new position in Hubbell during the second quarter valued at approximately $610,053,000. Geode Capital Management LLC grew its holdings in Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company's stock valued at $608,704,000 after purchasing an additional 10,898 shares during the period. Finally, Boston Partners increased its stake in Hubbell by 37.8% in the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company's stock valued at $452,675,000 after purchasing an additional 278,649 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.
Hubbell Trading Up 0.2%
Shares of HUBB opened at $439.29 on Thursday. 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 has a market cap of $23.21 billion, a PE ratio of 26.01, a PEG ratio of 2.15 and a beta of 0.89. Hubbell has a 1 year low of $403.82 and a 1 year high of $565.50. The stock has a 50 day simple moving average of $477.77 and a 200-day simple moving average of $491.07.
Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly 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 analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm earned $4.93 EPS. Hubbell's quarterly revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts predict that Hubbell will post 20.43 EPS 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 paid a $1.42 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.3%. Hubbell's payout ratio is currently 33.63%.
Hubbell Company Profile
(
Get Free Report)
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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