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NYSE:HUBB

Hubbell (HUBB) Stock Forecast, Price & News

$282.78
-6.10 (-2.11%)
(As of 02:45 PM ET)
Compare
Today's Range
$281.74
$289.49
50-Day Range
$221.28
$290.91
52-Week Range
$170.21
$291.90
Volume
153,608 shs
Average Volume
426,870 shs
Market Capitalization
$15.15 billion
P/E Ratio
27.01
Dividend Yield
1.58%
Price Target
$237.33

Hubbell MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
16.2% Downside
$237.33 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of Hubbell in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$152,970 Sold Last Quarter
Proj. Earnings Growth
3.04%
From $13.81 to $14.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Industrial Products Sector

93rd out of 178 stocks

Electronic Components & Accessories Industry

4th out of 6 stocks


HUBB stock logo

About Hubbell (NYSE:HUBB) Stock

Hubbell, Inc. engages in the designing, manufacturing, and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates through the Electrical Solutions and Utility Solutions segments. The Electrical Solutions segment manufactures and sells wiring and electrical, lighting fixtures, and controls for indoor and outdoor applications as well as specialty lighting and communications products. The Utility Solutions segment is involved in the design, manufacture, and sale of electrical distribution, transmission, substation, and telecommunications products. The company was founded by Harvey Hubbell II in 1888 and is headquartered in Shelton, CT.

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HUBB Stock News Headlines

Is Mid-Cap Hubbell The Right Stock To Electrify Your Portfolio?
Hubbell stock is trading at new highs following better-than-expected Q1 results. Wall Street sees the company growing earnings by 27% this year.
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Hubbell (NYSE:HUBB) Reaches New 52-Week High at $286.30
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Hubbell (NYSE:HUBB) Downgraded by StockNews.com to Buy
Hubbell (NYSE:HUBB) Lowered to "Buy" at StockNews.com
See More Headlines
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HUBB Company Calendar

Ex-Dividend for 3/15 Dividend
2/27/2023
Dividend Payable
3/15/2023
Last Earnings
4/25/2023
Ex-Dividend for 6/15 Dividend
5/30/2023
Today
5/31/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electronic components & accessories
Sub-Industry
N/A
Employees
16,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$237.33
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$205.00
Forecasted Upside/Downside
-17.9%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$545.90 million
Pretax Margin
14.94%

Debt

Sales & Book Value

Annual Sales
$4.95 billion
Cash Flow
$13.39 per share
Book Value
$44.14 per share

Miscellaneous

Free Float
53,235,000
Market Cap
$15.48 billion
Optionable
Optionable
Beta
0.99

Key Executives

  • Gerben Wilhelm Marinus Bakker
    Chairman, President & Chief Executive Officer
  • William R. SperryWilliam R. Sperry
    Chief Financial Officer & Executive Vice President
  • Drew M. Marquardt
    Chief Information Officer
  • Alexis P. Bernard
    Chief Technology Officer
  • Katherine Anne Lane
    Secretary, Senior Vice President & General Counsel













HUBB Stock - Frequently Asked Questions

Should I buy or sell Hubbell stock right now?

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.

What is Hubbell's stock price forecast for 2023?

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.

How have HUBB shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Hubbell?

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
.

When is Hubbell's next earnings date?

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

How were Hubbell's earnings last quarter?

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.

How often does Hubbell pay dividends? What is the dividend yield for Hubbell?

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
.

Is Hubbell a good dividend stock?

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.

What guidance has Hubbell issued on next quarter's earnings?

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.

What is Timothy H. Powers' approval rating as Hubbell's CEO?

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.

What other stocks do shareholders of Hubbell own?

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).

What is Hubbell's stock symbol?

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

Who are Hubbell's major shareholders?

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
.

How do I buy shares of Hubbell?

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.
Compare Top Brokerages Here.

What is Hubbell's stock price today?

One share of HUBB stock can currently be purchased for approximately $288.93.

How much money does Hubbell make?

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.

How many employees does Hubbell have?

The company employs 16,300 workers across the globe.

How can I contact Hubbell?

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.

This page (NYSE:HUBB) was last updated on 5/31/2023 by MarketBeat.com Staff

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