Hubbell (NYSE:HUBB) Hits New 52-Week High - What's Next?

Key Points

• Hubbell shares hit a new 52-week high of $535.31 (last $530.75) during Thursday trading, giving the company a market capitalization of about $28.24 billion.
• Several analysts raised price targets (Evercore to $585, Mizuho $575), leaving Hubbell with an average "Moderate Buy" consensus and an average price target of $533.50.
• Hubbell beat quarterly EPS ($4.73 vs. $4.70) with revenue up 11.9% year-over-year and set FY2026 guidance of 19.15–19.85 EPS; the company also pays a $1.42 quarterly dividend (1.1% yield) while insiders have sold roughly 34,689 shares (~$17.4M) in the past 90 days.

Hubbell Inc (NYSE:HUBB - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $535.31 and last traded at $530.7540, with a volume of 49788 shares traded. The stock had previously closed at $527.21.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore boosted their price objective on Hubbell from $575.00 to $585.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price target on Hubbell from $478.00 to $532.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 4th. Barclays raised their price target on Hubbell from $465.00 to $481.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 4th. Mizuho set a $575.00 price target on Hubbell in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered Hubbell from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has an average rating of "Moderate Buy" and an average price target of $533.50.

Hubbell Stock Performance

The stock has a market capitalization of $28.24 billion, a PE ratio of 31.96, a PEG ratio of 2.50 and a beta of 1.00. The business has a 50 day moving average price of $498.16 and a 200 day moving average price of $464.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the firm posted $4.10 earnings per share. Hubbell's revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell's dividend payout ratio (DPR) is 34.07%.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president directly owned 2,769 shares of the company's stock, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the company's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the sale, the chief executive officer directly owned 64,420 shares of the company's stock, valued at $32,143,647.40. The trade was a 28.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 in the last ninety days. Insiders own 0.66% of the company's stock.

Institutional Trading of Hubbell

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in Hubbell by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company's stock worth $38,611,000 after purchasing an additional 3,542 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Hubbell by 64.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company's stock worth $1,669,000 after purchasing an additional 1,514 shares during the last quarter. Nordea Investment Management AB lifted its stake in Hubbell by 15.7% in the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company's stock worth $87,333,000 after purchasing an additional 27,576 shares during the last quarter. Walter Public Investments Inc. lifted its stake in Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company's stock worth $15,098,000 after purchasing an additional 8,774 shares during the last quarter. Finally, Troy Asset Management Ltd increased its position in shares of Hubbell by 5.8% during the third quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company's stock worth $147,722,000 after acquiring an additional 18,767 shares during the period. Institutional investors own 88.16% of the company's stock.

About Hubbell

Hubbell Incorporated NYSE: HUBB is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company's offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.

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