Analysts Set Hubbell Inc (NYSE:HUBB) Target Price at $555.00

Hubbell Inc (NYSE:HUBB) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $555.00.

HUBB has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Robert W. Baird assumed coverage on shares of Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Finally, Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th.

Hubbell Stock Performance

NYSE:HUBB opened at $447.24 on Thursday. The company has a market cap of $23.63 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.19 and a beta of 0.89. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The stock has a fifty day moving average price of $476.04 and a 200-day moving average price of $490.29.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.Hubbell’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts anticipate that Hubbell will post 20.43 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 31st. Hubbell’s dividend payout ratio is currently 33.63%.

Insider Buying and Selling at Hubbell

In related news, VP Jonathan Del Nero sold 547 shares of the firm’s 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 directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HUBB. BlackRock Inc. bought a new stake in shares of Hubbell during the 2nd quarter valued at approximately $2,455,986,000. Bank of New York Mellon Corp bought a new position in Hubbell in the 2nd quarter valued at approximately $783,142,000. Deutsche Bank AG bought a new position in Hubbell in the 2nd quarter valued at approximately $610,053,000. Geode Capital Management LLC boosted its position in Hubbell by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after buying an additional 10,898 shares in the last quarter. Finally, Boston Partners boosted its position in Hubbell by 37.8% in the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after buying an additional 278,649 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Company Profile

Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.