Hubbell (NYSE:HUBB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Hubbell (NYSE:HUBBGet Free Report) had its target price increased by analysts at JPMorgan Chase & Co. from $478.00 to $532.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.21% from the company’s current price.

HUBB has been the subject of a number of other research reports. Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Evercore ISI boosted their price target on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday. Mizuho set a $575.00 price objective on shares of Hubbell in a research report on Wednesday. Barclays raised their price target on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $523.50.

Read Our Latest Report on HUBB

Hubbell Stock Down 2.4%

Shares of NYSE HUBB traded down $12.24 during mid-day trading on Wednesday, reaching $491.62. The company had a trading volume of 320,198 shares, compared to its average volume of 521,641. The stock has a fifty day moving average of $460.22 and a two-hundred day moving average of $443.54. Hubbell has a 12-month low of $299.42 and a 12-month high of $513.59. The company has a market capitalization of $26.13 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.36.

Hubbell (NYSE:HUBBGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $4.10 earnings per share. Hubbell’s quarterly revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts expect that Hubbell will post 17.63 EPS for the current year.

Insider Buying and Selling at Hubbell

In other Hubbell news, Director John F. Malloy bought 435 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the purchase, the director directly owned 19,085 shares of the company’s stock, valued at approximately $8,192,045.40. This represents a 2.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HUBB. Vanguard Group Inc. grew its holdings in shares of Hubbell by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after purchasing an additional 21,508 shares in the last quarter. State Street Corp grew its stake in Hubbell by 3.6% in the 3rd quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after buying an additional 78,539 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Hubbell by 15.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after buying an additional 226,856 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Hubbell by 0.6% in the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock worth $625,698,000 after buying an additional 9,697 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Hubbell by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company’s stock valued at $550,571,000 after buying an additional 24,110 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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Hubbell Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Hubbell (NYSE:HUBB)

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