Wall Street Zen Downgrades Hubbell (NYSE:HUBB) to Buy

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

A number of other brokerages also recently issued reports on HUBB. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Barclays boosted their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Evercore increased their price target on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, UBS Group restated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Stock Up 3.3%

NYSE HUBB opened at $503.28 on Friday. The stock’s 50 day moving average is $463.99 and its 200 day moving average is $444.81. The company has a current ratio of 1.72, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Hubbell has a 12 month low of $299.42 and a 12 month high of $513.59. The stock has a market cap of $26.75 billion, a PE ratio of 30.19, a P/E/G ratio of 2.57 and a beta of 1.02.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data 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. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts predict that Hubbell will post 17.63 EPS for the current fiscal year.

Insider Activity

In related news, Director John F. Malloy bought 435 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was purchased at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the acquisition, the director owned 19,085 shares in the company, valued at $8,192,045.40. This trade represents a 2.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Institutional Trading of Hubbell

Institutional investors have recently bought and sold shares of the stock. Boston Partners bought a new position in Hubbell during the second quarter valued at $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Hubbell during the 3rd quarter worth about $162,309,000. Troy Asset Management Ltd bought a new position in Hubbell during the 2nd quarter valued at about $132,540,000. Bain Capital Public Equity Management II LLC purchased a new stake in Hubbell in the 2nd quarter worth about $132,286,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after purchasing an additional 226,856 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

About Hubbell

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.