Hubbell (NYSE:HUBB) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Hubbell has been downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating.
• Analysts from other firms, including Wells Fargo and JPMorgan, have raised their target prices for Hubbell, with an average price target now at $476.50.
• Institutional investors own 88.16% of Hubbell's stock, indicating strong support and confidence in the company's performance.

Hubbell (NYSE:HUBB - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other analysts have also commented on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Hubbell in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their target price on Hubbell from $417.00 to $458.00 and gave the company a "neutral" rating in a research note on Wednesday, October 15th. Barclays boosted their target price on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Mizuho boosted their target price on Hubbell from $475.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $476.50.

Hubbell Price Performance

Shares of HUBB stock opened at $435.02 on Friday. The stock has a 50-day moving average price of $431.29 and a 200 day moving average price of $406.05. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.42 and a beta of 0.96. Hubbell has a 12 month low of $299.42 and a 12 month high of $481.35.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Hubbell by 58.7% during the 1st quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company's stock worth $192,000 after acquiring an additional 215 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hubbell by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,498 shares of the industrial products company's stock worth $1,820,000 after acquiring an additional 198 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Hubbell by 390.3% during the 1st quarter. Golden State Wealth Management LLC now owns 809 shares of the industrial products company's stock worth $268,000 after acquiring an additional 644 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Hubbell by 7.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 20,213 shares of the industrial products company's stock worth $6,689,000 after acquiring an additional 1,402 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Hubbell during the 1st quarter worth approximately $376,000. Institutional investors and hedge funds own 88.16% of the company's stock.

About Hubbell

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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