Hubbell (NYSE:HUBB) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Hubbell (NYSE:HUBB) from a hold rating to a buy rating in a report published on Saturday morning.

Several other research analysts have also issued reports on HUBB. Stephens reaffirmed an “overweight” rating and set a $550.00 target price on shares of Hubbell in a research report on Thursday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Barclays boosted their target price on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Trading Down 0.9%

NYSE HUBB opened at $472.11 on Friday. Hubbell has a 52 week low of $299.42 and a 52 week high of $533.80. The company has a 50 day moving average price of $491.37 and a 200 day moving average price of $456.10. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.10 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00.

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

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

Insider Buying and Selling

In other news, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the sale, the chief executive officer owned 64,420 shares in the company, valued at $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the sale, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,689 shares of company stock worth $17,407,395. Corporate insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On Hubbell

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. Boston Partners acquired a new stake in Hubbell during the second quarter valued at $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Hubbell during the third quarter valued at $162,309,000. Troy Asset Management Ltd purchased a new position in Hubbell in the second quarter valued at $132,540,000. Finally, Bain Capital Public Equity Management II LLC purchased a new position in Hubbell in the second quarter valued at $132,286,000. Institutional investors and hedge funds 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.