Hubbell Stock Price, News & Analysis (NYSE:HUBB)

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hubbell in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings 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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8 equities research analysts have issued 12 month target prices for Hubbell's shares. Their HUBB share price targets range from $225.00 to $375.00. On average, they anticipate the company's stock price to reach $312.29 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
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Hubbell's stock was trading at $234.68 on January 1st, 2023. Since then, HUBB stock has increased by 29.4% and is now trading at $303.66.
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Hubbell saw a decline in short interest in November. As of November 15th, there was short interest totaling 900,800 shares, a decline of 23.0% from the October 31st total of 1,170,000 shares. Based on an average daily trading volume, of 694,300 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.7% 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, January 30th 2024.
View our HUBB earnings forecast.

Hubbell Incorporated (NYSE:HUBB) issued its earnings results on Tuesday, October, 31st. The industrial products company reported $3.95 earnings per share for the quarter, missing analysts' consensus estimates of $4.07 by $0.12. The industrial products company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.40 billion. Hubbell had a trailing twelve-month return on equity of 30.09% and a net margin of 13.56%. Hubbell's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.08 EPS.

Hubbell declared a quarterly dividend on Friday, October 27th. Stockholders of record on Thursday, November 30th will be given a dividend of $1.22 per share on Friday, December 15th. This represents a $4.88 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from the stock's previous quarterly dividend of $1.12.
Read our dividend analysis for HUBB.

Hubbell (NYSE:HUBB) pays an annual dividend of $4.88 per share and currently has a dividend yield of 1.61%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HUBB will have a dividend payout ratio of 29.59% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Profound Medical (PRN), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), 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 issued an update on its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of $15.00-$15.25 for the period, compared to the consensus EPS estimate of $15.27. The company issued revenue guidance of $5.34 billion-$5.34 billion, compared to the consensus revenue estimate of $5.37 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's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (4.78%), JPMorgan Chase & Co. (3.94%), Bank of New York Mellon Corp (2.74%), Invesco Ltd. (2.23%), Massachusetts Financial Services Co. MA (1.90%) and Impax Asset Management Group plc (1.29%). Insiders that own company stock include Allan Connolly, Alyssa R Flynn, Anthony Guzzi, Carlos M Cardoso, Gerben Bakker, Nero Jonathan M Del, Nero Jonathan M Del, 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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