Hubbell (NYSE:HUBB) Stock Rating Upgraded by Robert W. Baird

Hubbell (NYSE:HUBB) was upgraded by stock analysts at Robert W. Baird to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

HUBB has been the topic of a number of other reports. UBS Group reissued a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Hubbell has an average rating of “Moderate Buy” and a consensus target price of $553.89.

Hubbell Stock Performance

Shares of NYSE:HUBB opened at $470.69 on Thursday. The firm’s 50 day simple moving average is $495.92 and its 200 day simple moving average is $498.43. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company earned $4.93 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts forecast that Hubbell will post 20.41 earnings per share for the current year.

Insider Activity

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the sale, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Hubbell by 171.9% during the first 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 Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 196 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Hubbell by 271.9% in the 1st 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 acquired a new position in Hubbell during the 1st quarter worth approximately $599,000. Finally, EverSource Wealth Advisors LLC boosted its position in Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 111 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

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.