Hubbell (NYSE:HUBB) Upgraded to Buy at 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 note issued on Saturday.

A number of other brokerages have also issued reports on HUBB. Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company increased their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. UBS Group restated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Barclays lifted their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Trading Up 1.5%

Shares of Hubbell stock opened at $489.18 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. Hubbell has a twelve month low of $403.82 and a twelve month high of $565.50. The firm has a market capitalization of $25.85 billion, a PE ratio of 28.89, a P/E/G ratio of 2.43 and a beta of 0.89. The firm’s 50-day moving average price is $488.41 and its 200 day moving average price is $495.42.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 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 analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $3.50 EPS. Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, sell-side analysts predict that Hubbell will post 19.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Hubbell

Several hedge funds and other institutional investors have recently made changes to their positions in HUBB. Wellington Management Group LLP grew its holdings in Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares in the last quarter. State Street Corp increased its stake in shares of Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after acquiring an additional 40,623 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after acquiring an additional 10,898 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Hubbell by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock worth $539,257,000 after acquiring an additional 60,071 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Hubbell by 0.8% during the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock worth $507,356,000 after acquiring an additional 9,202 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

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.