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.
View HUBB analyst ratings or view top-rated stocks.

6 analysts have issued 12 month price objectives for Hubbell's stock. Their HUBB share price forecasts range from $205.00 to $252.00. On average, they predict the company's stock price to reach $230.00 in the next year. This suggests that the stock has a possible downside of 2.9%.
View analysts price targets for HUBB or view top-rated stocks among Wall Street analysts.

Hubbell's stock was trading at $234.68 on January 1st, 2023. Since then, HUBB stock has increased by 0.9% and is now trading at $236.90.
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Hubbell saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 950,300 shares, an increase of 7.9% from the November 30th total of 880,700 shares. Based on an average daily volume of 590,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.8% of the company's stock are sold short.
View Hubbell's Short Interest.

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

Hubbell Incorporated (NYSE:HUBB) issued its quarterly earnings results on Tuesday, January, 31st. The industrial products company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.41 by $0.19. The industrial products company earned $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Hubbell had a net margin of 11.40% and a trailing twelve-month return on equity of 25.03%. Hubbell's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.07 earnings per share.

Hubbell declared a quarterly dividend on Friday, January 27th. Investors of record on Tuesday, February 28th will be given a dividend of $1.12 per share on Wednesday, March 15th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, February 27th.
Read our dividend analysis for HUBB.

Hubbell (NYSE:HUBB) pays an annual dividend of $4.48 per share and currently has a dividend yield of 1.96%. 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 43.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HUBB will have a dividend payout ratio of 36.93% 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 Tuesday, January, 31st. The company provided EPS guidance of $11.00-$11.50 for the period, compared to the consensus estimate of $11.14. The company issued revenue guidance of $5.20 billion-$5.29 billion, compared to the consensus revenue estimate of $5.20 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 number of institutional and retail investors. Top institutional investors include Fort Washington Investment Advisors Inc. OH (0.85%), Boston Trust Walden Corp (0.84%), Scout Investments Inc. (0.56%), Guinness Asset Management LTD (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.26%) and Hallmark Capital Management Inc. (0.15%). 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.
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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 $236.90.

Hubbell (NYSE:HUBB) has a market capitalization of $12.72 billion and generates $4.95 billion in revenue each year. The industrial products company earns $399.50 million in net income (profit) each year or $10.41 on an earnings per share basis.

The company employs 18,300 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.