Hubbell (NYSE:HUBB) Coverage Initiated by Analysts at UBS Group

Stock analysts at UBS Group initiated coverage on shares of Hubbell (NYSE:HUBB) in a research note issued on Thursday, Marketbeat.com reports. The firm set a “neutral” rating and a $450.00 price target on the industrial products company’s stock. UBS Group’s price objective points to a potential upside of 7.23% from the stock’s current price.

Several other brokerages have also recently weighed in on HUBB. Barclays lifted their price target on shares of Hubbell from $431.00 to $456.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Finally, Stephens restated an “overweight” rating and set a $500.00 target price on shares of Hubbell in a research note on Thursday, September 11th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $473.86.

Hubbell Stock Performance

HUBB stock opened at $419.68 on Thursday. Hubbell has a 1 year low of $299.42 and a 1 year high of $484.26. The company has a market cap of $22.30 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.76. The stock’s fifty day moving average price is $436.65 and its 200-day moving average price is $419.89.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.49 earnings per share. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. On average, equities analysts forecast that Hubbell will post 17.63 earnings per share for the current year.

Insider Activity at Hubbell

In other Hubbell news, Director John F. Malloy bought 435 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of $429.24 per share, with a total value of $186,719.40. Following the completion of the acquisition, the director owned 19,085 shares in the company, valued at $8,192,045.40. This trade represents a 2.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Eugene Mikes sold 2,470 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the completion of the sale, the insider owned 4,785 shares in the company, valued at $2,232,202.50. This represents a 34.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hubbell

Several institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its position in Hubbell by 16.9% during the third quarter. Captrust Financial Advisors now owns 9,550 shares of the industrial products company’s stock valued at $4,109,000 after acquiring an additional 1,379 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Hubbell by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,508 shares of the industrial products company’s stock worth $1,510,000 after purchasing an additional 144 shares in the last quarter. Danske Bank A S bought a new position in shares of Hubbell during the 3rd quarter worth $27,143,000. Advisory Services Network LLC purchased a new position in Hubbell during the 3rd quarter valued at about $93,000. Finally, Palisade Asset Management LLC bought a new position in Hubbell in the third quarter worth approximately $170,000. 88.16% of the stock is owned by institutional investors.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.