Hubbell (NYSE:HUBB) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Hubbell (NYSE:HUBB) had its target price upped by equities researchers at Morgan Stanley from $515.00 to $565.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price objective points to a potential upside of 18.36% from the stock’s current price.

A number of other brokerages have also recently issued reports on HUBB. UBS Group reiterated a “neutral” rating and set a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research report on Thursday, February 5th. Mizuho set a $575.00 price objective on shares of Hubbell in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company raised their target price on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $536.00.

Hubbell Trading Down 0.1%

Shares of HUBB traded down $0.70 during trading hours on Wednesday, hitting $477.36. The stock had a trading volume of 197,635 shares, compared to its average volume of 566,809. Hubbell has a 12-month low of $299.42 and a 12-month high of $533.80. The firm has a market cap of $25.38 billion, a P/E ratio of 28.63, a P/E/G ratio of 2.46 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The company’s fifty day simple moving average is $492.73 and its 200 day simple moving average is $456.97.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results 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 firm had revenue of $1.49 billion during 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 firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities research analysts forecast that Hubbell will post 17.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This represents a 50.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 34,689 shares of company stock valued at $17,407,395. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Hubbell

A number of large investors have recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. NBT Bank N A NY bought a new stake in Hubbell in the fourth quarter valued at about $27,000. Raiffeisen Bank International AG increased its holdings in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

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.