Hubbell Inc (NYSE:HUBB) Receives $533.50 Consensus PT from Analysts

Shares of Hubbell Inc (NYSE:HUBB) have been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $533.50.

HUBB has been the subject of several research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a report on Thursday, February 5th. Evercore upped their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Barclays upped their price objective on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price objective on shares of Hubbell in a report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, April 18th.

Insider Activity at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 34,689 shares of company stock worth $17,407,395. 0.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hubbell

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC acquired a new stake in Hubbell in the 1st quarter valued at about $126,000. Goodman Advisory Group LLC acquired a new stake in Hubbell in the 1st quarter valued at about $1,506,000. Venturi Wealth Management LLC lifted its holdings in Hubbell by 4.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,500 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 59 shares during the last quarter. OLD National Bancorp IN lifted its holdings in Hubbell by 4.3% in the 1st quarter. OLD National Bancorp IN now owns 986 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 41 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Hubbell in the 1st quarter valued at about $1,325,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of HUBB opened at $549.81 on Monday. Hubbell has a 1 year low of $341.03 and a 1 year high of $557.11. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 2.77 and a beta of 1.00. 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 firm has a fifty day moving average of $506.12 and a 200-day moving average of $471.90.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities analysts anticipate that Hubbell will post 19.79 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.0%. Hubbell’s dividend payout ratio is presently 34.07%.

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.