Hubbell Inc (NYSE:HUBB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Hubbell Inc (NYSE:HUBB) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $529.75.

HUBB has been the subject of several analyst reports. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Monday, February 16th. Stephens restated an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Morgan Stanley set a $515.00 price target on shares of Hubbell in a report on Wednesday, January 7th. Finally, Barclays boosted their price objective on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th.

Hubbell Price Performance

Shares of NYSE HUBB opened at $511.22 on Friday. The company has a 50 day simple moving average of $487.96 and a two-hundred day simple moving average of $454.21. Hubbell has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 2.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

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

Hubbell Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio is presently 34.07%.

Insiders Place Their Bets

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the business’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 completion of the transaction, the insider owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock valued at $17,407,395 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On Hubbell

A number of hedge funds have recently added to or reduced their stakes in HUBB. Vanguard Group Inc. grew its holdings in shares of Hubbell by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after acquiring an additional 21,508 shares during the period. Wellington Management Group LLP boosted its position in Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. State Street Corp grew its stake in shares of Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after purchasing an additional 40,623 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of 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 valued at $712,484,000 after purchasing an additional 226,856 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of 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 last quarter. 88.16% of the stock is currently owned by hedge funds and other 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.