Hubbell (NYSE:HUBB) Stock Rating Upgraded by Wall Street Zen

Hubbell (NYSE:HUBB) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also weighed in on HUBB. Stephens boosted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Mizuho set a $575.00 price objective on shares of Hubbell in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted 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. Morgan Stanley boosted their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Stock Performance

Shares of HUBB opened at $473.33 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a market cap of $25.16 billion, a P/E ratio of 27.96, a PEG ratio of 2.39 and a beta of 0.95. The company has a 50-day moving average of $503.78 and a two-hundred day moving average of $481.77. Hubbell has a 12-month low of $374.68 and a 12-month high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts predict that Hubbell will post 19.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Hubbell

Several institutional investors and hedge funds have recently bought and sold shares of HUBB. Jones Financial Companies Lllp increased its position in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares during the last quarter. Empowered Funds LLC increased its position in shares of Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Hubbell by 271.9% in the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hubbell in the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Company Profile

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.