Hubbell (NYSE:HUBB) Downgraded by Wall Street Zen to “Hold”

Hubbell (NYSE:HUBB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently commented on HUBB. Morgan Stanley lifted their price objective on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Evercore lifted their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $536.00.

Hubbell Price Performance

NYSE HUBB opened at $475.97 on Friday. Hubbell has a 12 month low of $299.42 and a 12 month high of $533.80. The stock has a market cap of $25.30 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.49 and a beta of 1.00. The company’s 50 day moving average is $494.97 and its two-hundred day moving average is $458.75. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $4.10 earnings per share. Hubbell’s revenue for the quarter 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, research analysts anticipate that Hubbell will post 17.63 earnings per share for the current year.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction 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 sale, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 64,420 shares of the company’s stock, valued at $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 sold 34,689 shares of company stock worth $17,407,395 in the last ninety days. 0.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.