Hubbell Inc (NYSE:HUBB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Hubbell Inc (NYSE:HUBB) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $529.75.

Several equities analysts recently issued reports on HUBB shares. Stephens restated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research report on Thursday, February 5th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Monday, February 16th. Evercore lifted their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $450.00 price target on shares of Hubbell in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th.

Hubbell Trading Down 2.5%

HUBB stock opened at $511.22 on Friday. The company has a market capitalization of $27.18 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. Hubbell has a one year low of $299.42 and a one year high of $533.80. The company’s 50 day moving average price is $487.96 and its two-hundred day moving average price is $454.21.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $4.10 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, analysts predict that Hubbell will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s payout ratio is currently 34.07%.

Insiders Place Their Bets

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the transaction, the vice president owned 2,769 shares in the company, valued at $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the sale, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hubbell

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY bought a new stake in shares of Hubbell during the fourth quarter valued at approximately $27,000. Raiffeisen Bank International AG raised its holdings in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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.