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

Hubbell (NYSE:HUBB) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

HUBB has been the subject of a number of other reports. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Stephens reissued an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Trading Up 0.4%

HUBB opened at $505.81 on Friday. The firm has a market cap of $26.88 billion, a P/E ratio of 30.34, a P/E/G 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 current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $465.54 and a 200 day moving average of $445.37.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) 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%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, research analysts forecast that Hubbell will post 17.63 EPS for the current year.

Insider Activity

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 bought at an average price of $429.24 per share, with a total value of $186,719.40. Following the completion of the purchase, the director directly owned 19,085 shares in the company, valued at $8,192,045.40. This trade represents a 2.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Hubbell

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Hubbell by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock valued at $2,714,669,000 after buying an additional 21,508 shares during the period. State Street Corp lifted its stake in Hubbell by 3.6% in the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after acquiring an additional 78,539 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Hubbell by 15.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after acquiring an additional 226,856 shares in the last quarter. Invesco Ltd. increased its position in Hubbell by 0.6% during the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after purchasing an additional 9,697 shares during the period. Finally, Geode Capital Management LLC increased its position in Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after purchasing an additional 10,898 shares during the period. 88.16% of the stock is owned by institutional investors.

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.