Hubbell Inc (NYSE:HUBB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hubbell Inc (NYSE:HUBB) have been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $555.00.

Several research analysts have commented on the stock. Robert W. Baird initiated coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective for the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Hubbell Price Performance

Shares of HUBB stock opened at $464.33 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The firm has a market cap of $24.53 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.25 and a beta of 0.89. The business’s 50 day moving average price is $474.84 and its 200-day moving average price is $489.57.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities research analysts anticipate that Hubbell will post 20.43 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 31st. Hubbell’s payout ratio is 33.63%.

Insider Buying and Selling

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the sale, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. This 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 can be accessed through this link. 0.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Hubbell

Hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. lifted its stake in shares of Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Schuylkill Financial LLC purchased a new position in shares of Hubbell in the 2nd quarter worth $30,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Hubbell during the 2nd quarter valued at about $35,000. Leonteq Securities AG bought a new stake in Hubbell during the first quarter valued at approximately $33,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Hubbell during the 2nd quarter valued at $37,000. 88.16% of the stock is owned by institutional investors.

About Hubbell

Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.