Hubbell Inc (NYSE:HUBB) Given Average Recommendation of “Moderate Buy” by Brokerages

Hubbell Inc (NYSE:HUBB) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $546.25.

HUBB has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Stephens increased their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Sunday.

Hubbell Stock Up 1.8%

Shares of Hubbell stock opened at $485.30 on Tuesday. Hubbell has a 1 year low of $380.86 and a 1 year high of $565.50. The business has a 50-day moving average of $502.29 and a two-hundred day moving average of $483.77. The company has a market capitalization of $25.64 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

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

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. DV Trading LLC boosted its position in shares of Hubbell by 450.0% during the first quarter. DV Trading LLC now owns 440 shares of the industrial products company’s stock worth $216,000 after buying an additional 360 shares during the period. Parallel Advisors LLC boosted its position in shares of Hubbell by 22.0% during the first quarter. Parallel Advisors LLC now owns 865 shares of the industrial products company’s stock worth $425,000 after buying an additional 156 shares during the period. Optiver Holding B.V. acquired a new position in shares of Hubbell during the first quarter worth about $63,000. Glenmede Trust Co. NA boosted its position in shares of Hubbell by 1.1% during the first quarter. Glenmede Trust Co. NA now owns 8,126 shares of the industrial products company’s stock worth $3,988,000 after buying an additional 86 shares during the period. Finally, Groupama Asset Managment boosted its position in shares of Hubbell by 0.4% during the first quarter. Groupama Asset Managment now owns 8,904 shares of the industrial products company’s stock worth $4,370,000 after buying an additional 39 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

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.