Hubbell Inc (NYSE:HUBB) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Hubbell Inc (NYSE:HUBB) has received an average recommendation of "Moderate Buy" from eight brokerages, with a 12-month target price of $472.63.
• The company reported earnings per share (EPS) of $4.93 for the last quarter, surpassing the consensus estimate by $0.57, while setting FY 2025 guidance at 17.650-18.15 EPS.
• Hubbell's recently announced quarterly dividend was $1.32 per share, representing an annualized yield of 1.2%.

Shares of Hubbell Inc (NYSE:HUBB - Get Free Report) have been given an average rating of "Moderate Buy" by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $472.6250.

A number of equities analysts recently weighed in on HUBB shares. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Stephens reissued an "overweight" rating and set a $500.00 target price on shares of Hubbell in a research note on Thursday, September 11th. Wells Fargo & Company raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Finally, Barclays lifted their target price on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st.

Hubbell Price Performance

HUBB stock opened at $430.91 on Thursday. The company has a fifty day moving average price of $433.71 and a 200-day moving average price of $395.69. The company has a market capitalization of $22.90 billion, a P/E ratio of 27.98, a PEG ratio of 2.41 and a beta of 0.97. Hubbell has a 52-week low of $299.42 and a 52-week high of $481.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, equities analysts expect that Hubbell will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell's dividend payout ratio (DPR) is currently 34.29%.

Institutional Investors Weigh In On Hubbell

Large investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division acquired a new stake in Hubbell in the second quarter worth $29,000. Tsfg LLC acquired a new stake in Hubbell in the first quarter worth $30,000. Cullen Frost Bankers Inc. grew its holdings in Hubbell by 400.0% in the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company's stock worth $35,000 after purchasing an additional 68 shares during the period. NBC Securities Inc. acquired a new stake in Hubbell in the first quarter worth $49,000. Finally, CX Institutional acquired a new stake in Hubbell in the first quarter worth $49,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.

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