Hubbell Inc (NYSE:HUBB) Receives $553.89 Consensus Price Target from Brokerages

Shares of Hubbell Inc (NYSE:HUBB) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $553.8889.

Several equities analysts have commented on HUBB shares. Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays lifted their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Finally, UBS Group reissued a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $464.05 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. Hubbell has a 12 month low of $403.82 and a 12 month high of $565.50. The stock has a 50 day moving average of $494.67 and a 200-day moving average of $498.02. The company has a market capitalization of $24.52 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.29 and a beta of 0.90.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm earned $4.93 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities research analysts predict that Hubbell will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is presently 33.63%.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.63% of the company’s stock.

Institutional Trading of Hubbell

Institutional investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its position in shares of Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after buying an additional 24 shares in the last quarter. Ballentine Partners LLC grew its position in Hubbell by 1.9% during the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after buying an additional 24 shares in the last quarter. Quest Investment Management LLC grew its position in Hubbell by 1.3% during the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after buying an additional 25 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Hubbell by 1.1% during the 4th quarter. Gulf International Bank UK Ltd now owns 2,678 shares of the industrial products company’s stock worth $1,189,000 after acquiring an additional 28 shares during the period. Finally, Meeder Advisory Services Inc. increased its stake in Hubbell by 1.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,698 shares of the industrial products company’s stock worth $833,000 after acquiring an additional 28 shares during the period. 88.16% of the stock is currently owned by institutional investors.

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.