Hubbell (HUBB) Stock Forecast, Price & News

6 Wall Street 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 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 brokerages have issued 1-year price targets for Hubbell's shares. Their HUBB share price forecasts range from $205.00 to $300.00. On average, they anticipate the company's stock price to reach $237.33 in the next twelve months. This suggests that the stock has a possible downside of 22.5%.
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 shares have increased by 30.5% and is now trading at $306.15.
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Hubbell saw a decline in short interest in 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 daily volume of 395,300 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.3% of the shares of the stock 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 results on Tuesday, April, 25th. The industrial products company reported $3.61 EPS for the quarter, topping the consensus estimate of $2.46 by $1.15. The industrial products company earned $1.29 billion during 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 quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.12 earnings per share.

Hubbell declared a quarterly dividend on Friday, April 21st. Shareholders 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 dividend on an annualized basis and a yield of 1.46%. 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 1.47%. 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 issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $13.00-$13.50 for the period, compared to the consensus EPS 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 many different retail and institutional investors. Top institutional shareholders 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 $306.15.

Hubbell (NYSE:HUBB) has a market capitalization of $16.41 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.