Hubbell (NYSE:HUBB) Raised to "Strong-Buy" at Robert W. Baird

Key Points

• Robert W. Baird upgraded Hubbell to “strong buy,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $553.89.
• Hubbell reported quarterly EPS of $5.52, exceeding the $5.39 consensus estimate, while revenue rose 15.3% year over year to $1.71 billion.
• Shares opened at $470.69, below their 50- and 200-day moving averages, while institutional investors own 88.16% of the company and an executive recently sold 547 shares.

Hubbell (NYSE:HUBB - Get Free Report) was upgraded by Robert W. Baird to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of Hubbell in a report on Wednesday, July 29th. Wall Street Zen downgraded Hubbell from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Stephens upped their price objective on Hubbell from $550.00 to $600.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. UBS Group reiterated a "neutral" rating and issued a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company lifted their target price on Hubbell from $530.00 to $560.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $553.89.

Hubbell Stock Up 0.2%

Shares of NYSE:HUBB opened at $470.69 on Thursday. Hubbell has a 12 month low of $403.82 and a 12 month high of $565.50. The company's 50-day moving average price is $495.92 and its two-hundred day moving average price is $498.43. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The firm has a market cap of $24.87 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.30 and a beta of 0.90.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping 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 company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $4.93 earnings per share. The company's revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, research analysts forecast that Hubbell will post 20.41 EPS for the current fiscal year.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 directly owned 2,933 shares of the company's stock, 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 filing with the SEC, which is available at this link. 0.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hubbell

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBB. Ballentine Partners LLC raised its position in shares of Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company's stock valued at $572,000 after acquiring an additional 24 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company's stock worth $505,000 after purchasing an additional 24 shares during the last quarter. Quest Investment Management LLC boosted its position in shares of Hubbell by 1.3% in the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company's stock worth $816,000 after purchasing an additional 25 shares during the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Hubbell by 1.1% during the fourth quarter. Gulf International Bank UK Ltd now owns 2,678 shares of the industrial products company's stock worth $1,189,000 after purchasing an additional 28 shares during the period. Finally, Meeder Advisory Services Inc. grew its stake in shares of Hubbell by 1.7% during the first quarter. Meeder Advisory Services Inc. now owns 1,698 shares of the industrial products company's stock worth $833,000 after purchasing an additional 28 shares during the period. 88.16% of the stock is owned by institutional investors.

Hubbell Company Profile

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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