Hubbell (NYSE:HUBB) Issues Quarterly Earnings Results

Hubbell (NYSE:HUBB - Get Free Report) posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts' consensus estimates of $3.87 by $0.06, Briefing.com reports. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 EPS. Hubbell updated its FY 2026 guidance to 19.300-19.850 EPS.

Here are the key takeaways from Hubbell's conference call:

• Hubbell reported strong Q1 results with $1.517 billion in net sales (up 11%), 8% organic growth, adjusted operating profit up 18% and adjusted EPS of $3.93 (up 16%).
• Management raised full‑year guidance to 8%–11% total sales growth, 6%–9% organic growth and adjusted EPS of $19.30–$19.85, and expects at least 90% free cash‑flow conversion on adjusted net income.
• Company highlighted a long‑term opportunity in 765 kV high‑voltage transmission—an addressable market of about $1.5 billion over 10 years—with early project wins, product development and capacity investments that could add roughly a point of upside to transmission growth.
• Segment trends are robust—Utility Solutions drove double‑digit growth led by grid infrastructure and margin expansion, while Electrical Solutions delivered ~40% growth in data center markets (now guided >25% for the year); meter/AMI and grid automation remain weak but are expected to stabilize.
• Inflation accelerated versus prior assumptions but management says pricing and productivity offset costs dollar‑for‑dollar in Q1; they are increasing capacity and restructuring investments (R&R roughly $13M in Q1) and repurchased $168M of stock that is neutral to 2026 EPS but expected to be accretive in 2027.

Hubbell Stock Up 0.2%

HUBB opened at $480.71 on Monday. Hubbell has a 1-year low of $374.68 and a 1-year high of $565.50. The stock's fifty day simple moving average is $504.55 and its 200 day simple moving average is $481.46. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a market cap of $25.55 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.42 and a beta of 0.95.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell's payout ratio is presently 33.55%.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the transaction, the insider directly owned 2,592 shares in the company, valued at $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company's stock valued at $795,000 after purchasing an additional 1,518 shares during the last quarter. Empowered Funds LLC grew its holdings in Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company's stock valued at $408,000 after buying an additional 196 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company's stock valued at $70,000 after buying an additional 155 shares in the last quarter. Acadian Asset Management LLC bought a new position in Hubbell during the 1st quarter worth $599,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Hubbell by 31.1% during the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company's stock worth $191,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company's stock.

Wall Street Analyst Weigh In

HUBB has been the subject of several recent research reports. Mizuho set a $575.00 price target on Hubbell in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price target on Hubbell from $478.00 to $532.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Wall Street Zen cut Hubbell from a "buy" rating to a "hold" rating in a research note on Tuesday, May 12th. Barclays increased their price objective on Hubbell from $481.00 to $503.00 and gave the company an "equal weight" rating in a report on Monday, May 4th. Finally, Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Hubbell has a consensus rating of "Moderate Buy" and a consensus price target of $546.25.

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.