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

Hubbell (NYSE:HUBB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other research firms have also commented on HUBB. Wells Fargo & Company increased their target price on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Barclays increased their price objective on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and set a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. Finally, Stephens reissued an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Stock Up 1.5%

Shares of HUBB stock opened at $523.64 on Monday. Hubbell has a 1 year low of $299.42 and a 1 year high of $533.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The business’s fifty day moving average is $471.98 and its 200-day moving average is $447.57. The stock has a market cap of $27.83 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02.

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

Insider Buying and Selling at Hubbell

In other news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the transaction, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. This represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerben Bakker sold 25,233 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the sale, the chief executive officer owned 64,420 shares of the company’s stock, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,088 shares of company stock valued at $16,045,173 in the last 90 days. 0.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hubbell

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Hubbell by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after purchasing an additional 21,508 shares during the last quarter. State Street Corp increased its holdings in Hubbell by 1.8% in the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after buying an additional 40,623 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Hubbell by 15.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after acquiring an additional 226,856 shares in the last quarter. Invesco Ltd. raised its position in Hubbell by 0.6% during the second quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after acquiring an additional 9,697 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Hubbell by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after acquiring an additional 10,898 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

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.