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

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

Several other brokerages have also recently issued reports on HUBB. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company upped their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Trading Up 0.1%

Shares of HUBB stock opened at $489.18 on Friday. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a 50 day moving average price of $488.41 and a 200 day moving average price of $495.73. The stock has a market capitalization of $25.85 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.

Hubbell (NYSE:HUBB) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $3.50 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts predict that Hubbell will post 19.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Hubbell

Several large investors have recently bought and sold shares of the business. Tema ETFs LLC raised its stake in Hubbell by 44.7% in the second quarter. Tema ETFs LLC now owns 52,751 shares of the industrial products company’s stock valued at $27,599,000 after buying an additional 16,308 shares in the last quarter. Salvus Wealth Management LLC boosted its position in shares of Hubbell by 113.0% during the 2nd quarter. Salvus Wealth Management LLC now owns 1,225 shares of the industrial products company’s stock worth $641,000 after acquiring an additional 650 shares in the last quarter. LVM Capital Management Ltd. MI boosted its position in shares of Hubbell by 0.3% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 31,250 shares of the industrial products company’s stock worth $16,350,000 after acquiring an additional 94 shares in the last quarter. Cooper Financial Group purchased a new position in shares of Hubbell in the 2nd quarter valued at about $212,000. Finally, Czech National Bank increased its holdings in shares of Hubbell by 3.9% in the 2nd quarter. Czech National Bank now owns 15,041 shares of the industrial products company’s stock valued at $7,869,000 after acquiring an additional 563 shares during 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.