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

Hubbell (NYSE:HUBB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also issued reports on HUBB. Morgan Stanley set a $515.00 price objective on Hubbell in a report on Wednesday, January 7th. Barclays boosted their price target on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Stephens reissued an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. UBS Group reissued a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Finally, Evercore lifted their price objective on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and a consensus target price of $529.75.

Hubbell Stock Down 0.9%

HUBB stock opened at $472.11 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Hubbell has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The firm’s 50-day simple moving average is $491.37 and its 200 day simple moving average is $455.93. The stock has a market cap of $25.10 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00.

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

Insider Transactions at Hubbell

In related news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider owned 2,592 shares of the company’s stock, valued at $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 over the last 90 days. 0.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hubbell

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in shares of Hubbell by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after purchasing an additional 3,542 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Hubbell by 64.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after buying an additional 1,514 shares during the period. Nordea Investment Management AB raised its holdings in Hubbell by 15.7% during the 3rd quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after buying an additional 27,576 shares during the period. Walter Public Investments Inc. lifted its stake in Hubbell by 33.3% during the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after buying an additional 8,774 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its stake in Hubbell by 5.8% during the third quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock valued at $147,722,000 after buying an additional 18,767 shares in the last quarter. 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.