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

Hubbell Inc (NYSE:HUBB) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $529.75.

A number of analysts have recently issued reports on the stock. Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday. Wall Street Zen downgraded shares of Hubbell from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Barclays lifted their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday. Evercore upped their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd.

Insider Activity at Hubbell

In other news, Director John F. Malloy acquired 435 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the acquisition, the director owned 19,085 shares of the company’s stock, valued at approximately $8,192,045.40. This represents a 2.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.

Institutional Trading of Hubbell

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in shares of Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after buying an additional 196 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hubbell by 271.9% in the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after buying an additional 155 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hubbell during the 1st quarter worth about $599,000. Finally, Truist Financial Corp increased its holdings in shares of Hubbell by 2.9% during the 2nd quarter. Truist Financial Corp now owns 16,492 shares of the industrial products company’s stock valued at $6,736,000 after acquiring an additional 472 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $503.28 on Wednesday. The company’s fifty day moving average is $463.99 and its two-hundred day moving average is $444.88. The company has a market cap of $26.75 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.55 and a beta of 1.02. Hubbell has a 12-month low of $299.42 and a 12-month high of $513.59. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.Hubbell’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities analysts expect that Hubbell will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s payout ratio is currently 34.07%.

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.