Hubbell (NYSE:HUBB) Upgraded to “Strong-Buy” at Wall Street Zen

Hubbell (NYSE:HUBB) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also recently issued reports about the company. Stephens reaffirmed an “overweight” rating and issued a $500.00 price objective on shares of Hubbell in a research note on Thursday, September 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Barclays boosted their target price on Hubbell from $431.00 to $456.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Mizuho boosted their target price on Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Wells Fargo & Company boosted their target price on Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $486.00.

Hubbell Stock Performance

NYSE HUBB opened at $470.51 on Friday. The company has a market cap of $25.00 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.60 and a beta of 0.96. The stock’s 50 day simple moving average is $434.08 and its 200-day simple moving average is $410.94. Hubbell has a 1-year low of $299.42 and a 1-year high of $484.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.76.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, beating the consensus estimate of $4.98 by $0.19. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm earned $4.49 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, equities research analysts anticipate that Hubbell will post 17.63 EPS for the current fiscal year.

Institutional Trading of Hubbell

Several large investors have recently modified their holdings of the business. EWA LLC acquired a new stake in shares of Hubbell during the third quarter valued at about $200,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Hubbell by 2.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,854 shares of the industrial products company’s stock worth $766,000 after purchasing an additional 38 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Hubbell by 522.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 4,745 shares of the industrial products company’s stock worth $2,042,000 after purchasing an additional 3,983 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Hubbell by 2.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,440 shares of the industrial products company’s stock worth $12,668,000 after purchasing an additional 763 shares during the last quarter. Finally, UniSuper Management Pty Ltd lifted its position in shares of Hubbell by 6.5% during the third quarter. UniSuper Management Pty Ltd now owns 6,774 shares of the industrial products company’s stock worth $2,915,000 after purchasing an additional 412 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.