Hubbell Inc (NYSE:HUBB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Hubbell Inc (NYSE:HUBB) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $536.00.

HUBB has been the subject of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Evercore raised their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Stephens restated an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a report on Thursday, February 5th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Mizuho set a $575.00 price objective on shares of Hubbell in a research note on Wednesday, February 4th.

Hubbell Stock Down 0.4%

Shares of NYSE:HUBB opened at $503.85 on Thursday. Hubbell has a 52-week low of $299.42 and a 52-week high of $533.80. The stock has a market cap of $26.78 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 2.56 and a beta of 1.00. The business’s 50 day moving average is $496.35 and its 200 day moving average is $460.34. 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 earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business earned $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. Sell-side analysts predict that Hubbell will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid 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 was Friday, February 27th. Hubbell’s payout ratio is 34.07%.

Insiders Place Their Bets

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hubbell

Several hedge funds have recently made changes to their positions in HUBB. Thurston Springer Miller Herd & Titak Inc. lifted its position in Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY purchased a new stake in Hubbell during the 4th quarter valued at about $27,000. Raiffeisen Bank International AG increased its holdings in shares of 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 purchasing an additional 30 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Finally, Baillie Gifford & Co. raised its stake in shares of Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing 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.