FY2025 EPS Estimates for Hubbell Lifted by Seaport Res Ptn

Key Points

• Seaport Res Ptn has upgraded its FY2025 earnings per share estimate for Hubbell Inc from $17.40 to $17.90, indicating a positive outlook as it exceeds the current consensus estimate of $17.63.
• Hubbell recently reported Q2 earnings of $4.93 per share, surpassing expectations, while revenue for the quarter was slightly below estimates at $1.48 billion.
• The company announced a quarterly dividend of $1.32 per share, set to be paid on September 15th, which results in an annualized yield of 1.2%.

Hubbell Inc (NYSE:HUBB - Free Report) - Stock analysts at Seaport Res Ptn upped their FY2025 earnings per share estimates for Hubbell in a report released on Tuesday, July 29th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings of $17.90 per share for the year, up from their prior estimate of $17.40. The consensus estimate for Hubbell's current full-year earnings is $17.63 per share. Seaport Res Ptn also issued estimates for Hubbell's Q4 2025 earnings at $4.52 EPS, Q2 2026 earnings at $5.40 EPS, Q3 2026 earnings at $5.46 EPS and Q4 2026 earnings at $4.89 EPS.

A number of other brokerages have also recently weighed in on HUBB. Wells Fargo & Company lifted their price objective on shares of Hubbell from $420.00 to $445.00 and gave the company an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays boosted their price target on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $462.29.

Hubbell Stock Down 2.6%

Shares of HUBB stock traded down $11.21 during trading on Friday, reaching $426.27. The company's stock had a trading volume of 737,548 shares, compared to its average volume of 596,665. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.73. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 2.39 and a beta of 0.99. The stock's 50-day moving average price is $408.97 and its 200 day moving average price is $383.20. Hubbell has a 1-year low of $299.42 and a 1-year high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last issued 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 company had revenue of $1.48 billion for 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%.

Institutional Trading of Hubbell

A number of institutional investors have recently added to or reduced their stakes in HUBB. Teacher Retirement System of Texas lifted its stake in shares of Hubbell by 1,462.9% during the first quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company's stock valued at $2,596,000 after buying an additional 7,344 shares during the period. Private Trust Co. NA grew its position in shares of Hubbell by 60.4% in the first quarter. Private Trust Co. NA now owns 292 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 110 shares during the period. Stratos Wealth Partners LTD. increased its stake in Hubbell by 29.6% in the first quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company's stock valued at $522,000 after purchasing an additional 360 shares during the last quarter. CX Institutional acquired a new position in Hubbell in the first quarter valued at $49,000. Finally, GAMMA Investing LLC increased its stake in Hubbell by 58.7% in the first quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company's stock valued at $192,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insiders Place Their Bets

In other news, Director Carlos M. Cardoso sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $386.29, for a total value of $154,516.00. Following the completion of the sale, the director directly owned 1,727 shares of the company's stock, valued at $667,122.83. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerben Bakker sold 7,723 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $384.63, for a total value of $2,970,497.49. Following the transaction, the chief executive officer directly owned 82,101 shares in the company, valued at $31,578,507.63. This represents a 8.60% decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $1.32 per share. The ex-dividend date is Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.2%. Hubbell's dividend payout ratio is presently 34.29%.

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.