Hubbell Inc (NYSE:HUBB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Hubbell Inc (NYSE:HUBB) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, 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 objective among brokers that have issued a report on the stock in the last year is $554.3750.

A number of research firms have recently weighed in on HUBB. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. UBS Group reissued a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Barclays lifted their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company boosted their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st.

Institutional Investors Weigh In On Hubbell

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

Hubbell Trading Down 0.0%

Shares of NYSE:HUBB opened at $486.88 on Friday. The company has a market cap of $25.73 billion, a PE ratio of 28.76, a P/E/G ratio of 2.46 and a beta of 0.89. The company’s 50-day moving average price is $496.81 and its 200 day moving average price is $492.77. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last posted its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm 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 posted $3.50 EPS. Hubbell’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts anticipate that Hubbell will post 19.81 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is 33.55%.

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.