Hubbell (NYSE:HUBB) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• Hubbell has received a "Buy (B-)" rating from Weiss Ratings, which reflects a positive outlook on the stock as market analysts continue to evaluate its potential.
• Wells Fargo upgraded its rating on Hubbell from "equal weight" to "overweight," raising its price target from $445 to $490, while overall, the stock holds a consensus rating of "Moderate Buy" with a target price of $472.63.
• In its latest quarterly earnings, Hubbell reported earnings per share (EPS) of $4.93, exceeding analysts' estimates, and has set guidance for FY 2025 EPS at 17.650-18.15.

Hubbell (NYSE:HUBB - Get Free Report)'s stock had its "buy (b-)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also issued reports on HUBB. Wells Fargo & Company raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Wall Street Zen raised shares of Hubbell from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Stephens reissued an "overweight" rating and issued a $500.00 price target on shares of Hubbell in a research report on Thursday, September 11th. Finally, Barclays increased their price objective on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Hubbell presently has a consensus rating of "Moderate Buy" and a consensus target price of $472.63.

Hubbell Price Performance

HUBB stock opened at $419.96 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. Hubbell has a one year low of $299.42 and a one year high of $481.35. The firm has a market capitalization of $22.32 billion, a PE ratio of 27.27, a P/E/G ratio of 2.31 and a beta of 0.96. The firm has a 50-day moving average of $431.72 and a two-hundred day moving average of $398.32.

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

Hedge Funds Weigh In On Hubbell

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBB. Central Pacific Bank Trust Division acquired a new position in Hubbell during the second quarter valued at approximately $29,000. Tsfg LLC acquired a new position in Hubbell during the first quarter valued at approximately $30,000. Cullen Frost Bankers Inc. grew its holdings in Hubbell by 400.0% during the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 68 shares during the last quarter. CX Institutional acquired a new position in Hubbell during the first quarter valued at approximately $49,000. Finally, NBC Securities Inc. acquired a new position in Hubbell during the first quarter valued at approximately $49,000. Institutional investors and hedge funds 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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