Hubbell - HUBB Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hubbell in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokers have issued 1-year target prices for Hubbell's shares. Their HUBB share price forecasts range from $205.00 to $252.00. On average, they predict the company's share price to reach $230.00 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
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Hubbell's stock was trading at $234.68 at the start of the year. Since then, HUBB shares have increased by 2.3% and is now trading at $240.01.
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Hubbell saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 853,800 shares, a decline of 16.3% from the February 28th total of 1,020,000 shares. Based on an average daily trading volume, of 421,400 shares, the short-interest ratio is presently 2.0 days. Currently, 1.6% of the shares of the company 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 earnings results on Tuesday, January, 31st. The industrial products company reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.19. The industrial products company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Hubbell had a net margin of 11.40% and a trailing twelve-month return on equity of 25.03%. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 earnings per share.

Hubbell announced a quarterly dividend on Friday, January 27th. Shareholders 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 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, February 27th.
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), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Invesco DWA Industrials Momentum ETF (PRN), First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) and Invesco S&P MidCap Quality ETF (XMHQ).

Hubbell (NYSE:HUBB) pays an annual dividend of $4.48 per share and currently has a dividend yield of 1.95%. 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 37.46% 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 Tuesday, January, 31st. The company provided EPS guidance of $11.00-$11.50 for the period, compared to the consensus EPS 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 variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (6.55%), JPMorgan Chase & Co. (4.81%), Victory Capital Management Inc. (2.45%), Victory Capital Management Inc. (2.43%), Impax Asset Management Group plc (1.87%) and Geode Capital Management LLC (1.59%). 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 $240.01.

Hubbell (NYSE:HUBB) has a market capitalization of $12.86 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 $10.41 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.