Hubbell (NYSE:HUBB) Sets New 1-Year High – Time to Buy?

Hubbell Inc (NYSE:HUBB) shares hit a new 52-week high on Tuesday . The company traded as high as $553.02 and last traded at $551.8490, with a volume of 22374 shares changing hands. The stock had previously closed at $546.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Mizuho set a $575.00 price objective on Hubbell in a report on Wednesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a report on Thursday, February 5th. Morgan Stanley lifted their price objective on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Wells Fargo & Company lowered their price objective on Hubbell from $550.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Finally, Evercore lifted their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $533.50.

Hubbell Stock Performance

The stock’s 50-day moving average price is $506.12 and its 200-day moving average price is $471.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 2.77 and a beta of 1.00.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $4.10 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts expect that Hubbell Inc will post 19.79 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

Insider Activity at Hubbell

In other news, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer owned 64,420 shares of the company’s stock, valued at $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,689 shares of company stock valued at $17,407,395 in the last 90 days. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HUBB. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. NBT Bank N A NY acquired a new position in shares of Hubbell during the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG raised its position in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. 88.16% of the stock is currently 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.