Hubbell Inc (NYSE:HUBB) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts have given Hubbell Inc (NYSE:HUBB) an average recommendation of "Hold," with four hold and three buy ratings. The average target price is approximately $468.71.
• Hubbell reported earnings of $4.93 per share for the latest quarter, exceeding expectations, with total revenue of $1.48 billion.
• The company announced a quarterly dividend of $1.32 per share, reflecting an annualized yield of 1.2% and a payout ratio of 34.29%.

Shares of Hubbell Inc (NYSE:HUBB - Get Free Report) have earned an average recommendation of "Hold" from the seven analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $468.7143.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Barclays upped their target price on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd.

Hubbell Stock Down 0.2%

Shares of NYSE:HUBB opened at $436.09 on Friday. Hubbell has a 52-week low of $299.42 and a 52-week high of $481.35. The stock has a market cap of $23.17 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.44 and a beta of 0.99. The business's 50 day moving average is $428.16 and its 200 day moving average is $386.22. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30.

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

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.32 per share. The ex-dividend date is Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.2%. Hubbell's dividend payout ratio is currently 34.29%.

Institutional Trading of Hubbell

Hedge funds and other institutional investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division purchased a new stake in shares of Hubbell during the 2nd quarter valued at $29,000. Tsfg LLC purchased a new position in Hubbell in the 1st quarter worth $30,000. Cullen Frost Bankers Inc. raised its stake in Hubbell by 400.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company's stock worth $35,000 after acquiring an additional 68 shares during the last quarter. NBC Securities Inc. purchased a new position in Hubbell in the 1st quarter worth $49,000. Finally, CX Institutional purchased a new position in Hubbell in the 1st quarter worth $49,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

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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