Hubbell (NYSE:HUBB) Rating Increased to Strong-Buy at Wall Street Zen

Hubbell (NYSE:HUBB) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

Several other research firms also recently issued reports on HUBB. Barclays lifted their price target on Hubbell from $431.00 to $456.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Stephens reaffirmed an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Evercore ISI began coverage on shares of Hubbell in a research note on Monday, December 15th. They set an “outperform” rating and a $575.00 price objective for the company. Finally, Mizuho lifted their price objective on Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $488.43.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $442.37 on Friday. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.85. The business’s 50 day simple moving average is $439.45 and its 200-day simple moving average is $428.15. Hubbell has a 12 month low of $299.42 and a 12 month high of $484.26.

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

Insiders Place Their Bets

In related news, insider Alyssa R. Flynn sold 2,011 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the sale, the insider owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. This represents a 38.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Eugene Mikes sold 2,470 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the completion of the transaction, the insider owned 4,785 shares in the company, valued at $2,232,202.50. The trade was a 34.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division purchased a new position in shares of Hubbell in the 2nd quarter valued at $29,000. Hantz Financial Services Inc. increased its holdings in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Hubbell in the third quarter valued at about $33,000. Cullen Frost Bankers Inc. lifted its stake in shares of Hubbell by 400.0% during the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 68 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Hubbell during the third quarter worth about $37,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Company Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.