Hubbell (HUBB) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hubbell in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HUBB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HUBB, but not buy additional shares or sell existing shares.
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6 brokerages have issued 12-month target prices for Hubbell's shares. Their HUBB share price forecasts range from $205.00 to $300.00. On average, they predict the company's share price to reach $237.33 in the next twelve months. This suggests that the stock has a possible downside of 17.9%.
View analysts price targets for HUBB or view top-rated stocks among Wall Street analysts.

Hubbell's stock was trading at $234.68 at the beginning of 2023. Since then, HUBB shares have increased by 23.1% and is now trading at $288.93.
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Hubbell saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 668,900 shares, a decline of 10.9% from the April 30th total of 750,700 shares. Based on an average trading volume of 395,300 shares, the short-interest ratio is currently 1.7 days. Approximately 1.3% of the company's shares are sold short.
View Hubbell's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our HUBB earnings forecast.

Hubbell Incorporated (NYSE:HUBB) announced its quarterly earnings data on Tuesday, April, 25th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $1.15. The industrial products company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.25 billion. Hubbell had a trailing twelve-month return on equity of 27.72% and a net margin of 11.15%. The business's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS.

Hubbell announced a quarterly dividend on Friday, April 21st. Investors of record on Wednesday, May 31st will be paid a dividend of $1.12 per share on Thursday, June 15th. This represents a $4.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for HUBB.

ETFs with the largest weight of Hubbell (NYSE:HUBB) stock in their portfolio include SmartETFs Sustainable Energy II ETF (SOLR), Gabelli Love Our Planet & People ETF (LOPP), First Trust RBA American Industrial Renaissance ETF (AIRR), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Invesco DWA Industrials Momentum ETF (PRN), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), Touchstone US Large Cap Focused ETF (LCF) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID).

Hubbell (NYSE:HUBB) pays an annual dividend of $4.48 per share and currently has a dividend yield of 1.54%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HUBB will have a dividend payout ratio of 31.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HUBB.

Hubbell updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $13.00-$13.50 for the period, compared to the consensus earnings per share estimate of $11.32. The company issued revenue guidance of $5.34 billion-$5.44 billion, compared to the consensus revenue estimate of $5.23 billion.

29 employees have rated Hubbell Chief Executive Officer Timothy H. Powers on Glassdoor.com. Timothy H. Powers has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hubbell investors own include AT&T (T), Exxon Mobil (XOM), International Business Machines (IBM), Home Depot (HD), Johnson & Johnson (JNJ), Procter & Gamble (PG), Chevron (CVX), AbbVie (ABBV), Intel (INTC) and Verizon Communications (VZ).

Hubbell trades on the New York Stock Exchange (NYSE) under the ticker symbol "HUBB."

Hubbell's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.18%), Price T Rowe Associates Inc. MD (9.38%), JPMorgan Chase & Co. (5.10%), FMR LLC (3.75%), Bank of New York Mellon Corp (3.64%) and State Street Corp (3.27%). Insiders that own company stock include Allan Connolly, Anthony Guzzi, Carlos M Cardoso, David G Nord, Gerben Bakker, Stephen M Mais and William R Sperry.
View institutional ownership trends.

Shares of HUBB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HUBB stock can currently be purchased for approximately $288.93.

Hubbell (NYSE:HUBB) has a market capitalization of $15.48 billion and generates $4.95 billion in revenue each year. The industrial products company earns $545.90 million in net income (profit) each year or $10.47 on an earnings per share basis.

The company employs 16,300 workers across the globe.

Hubbell's mailing address is 40 WATERVIEW DRIVE, SHELTON CT, 06484. The official website for the company is www.hubbell.com. The industrial products company can be reached via phone at (475) 882-4000, via email at investor@hubbell.com, or via fax at 203-799-4333.