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 1 sell rating, 4 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 equities research analysts have issued twelve-month price targets for Hubbell's stock. Their HUBB share price forecasts range from $205.00 to $370.00. On average, they predict the company's share price to reach $265.17 in the next twelve months. This suggests that the stock has a possible downside of 14.2%.
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Hubbell's stock was trading at $234.68 at the start of the year. Since then, HUBB stock has increased by 31.6% and is now trading at $308.90.
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Hubbell saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 586,800 shares, an increase of 12.4% from the August 15th total of 522,200 shares. Based on an average daily volume of 431,400 shares, the short-interest ratio is presently 1.4 days. Currently, 1.1% of the shares of the company are short sold.
View Hubbell's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our HUBB earnings forecast.

Hubbell Incorporated (NYSE:HUBB) posted its earnings results on Tuesday, July, 25th. The industrial products company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.63 by $0.44. The industrial products company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.37 billion. Hubbell had a trailing twelve-month return on equity of 29.48% and a net margin of 12.55%. The firm's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.81 EPS.

Hubbell declared a quarterly dividend on Friday, July 21st. Investors of record on Thursday, August 31st will be given a dividend of $1.12 per share on Friday, September 15th. This represents a $4.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for HUBB.

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

Hubbell (NYSE:HUBB) pays an annual dividend of $4.48 per share and currently has a dividend yield of 1.46%. 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 37.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HUBB will have a dividend payout ratio of 27.60% 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, July, 25th. The company provided EPS guidance of $14.75-$15.25 for the period, compared to the consensus earnings per share estimate of $13.83. The company issued revenue guidance of $5.34 billion-$5.44 billion, compared to the consensus revenue estimate of $5.38 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.04%), JPMorgan Chase & Co. (5.12%), State Street Corp (3.24%), Bank of New York Mellon Corp (2.80%), Nuveen Asset Management LLC (1.69%) and Nuveen Asset Management LLC (1.69%). Insiders that own company stock include Allan Connolly, Alyssa R Flynn, 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 $308.90.

Hubbell (NYSE:HUBB) has a market capitalization of $16.57 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 $12.03 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.