Hubbell (NYSE:HUBB) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Hubbell (NYSE:HUBB) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

HUBB has been the topic of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday. Wells Fargo & Company raised shares of Hubbell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Stephens reaffirmed an “overweight” rating and issued a $500.00 price objective on shares of Hubbell in a research note on Thursday, September 11th. Finally, Barclays lifted their price objective on shares of Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $472.63.

Hubbell Stock Down 2.5%

Hubbell stock opened at $408.50 on Friday. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.28 and a beta of 0.96. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $430.98 and its two-hundred day moving average price is $399.54. Hubbell has a 52 week low of $299.42 and a 52 week high of $481.35.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating the consensus estimate of $4.36 by $0.57. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, analysts expect that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell’s dividend payout ratio (DPR) is 34.29%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HUBB. Central Pacific Bank Trust Division purchased a new position in shares of Hubbell in the second quarter worth approximately $29,000. Tsfg LLC purchased a new position in shares of Hubbell in the first quarter worth approximately $30,000. Cullen Frost Bankers Inc. increased its position in shares of Hubbell by 400.0% in the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 68 shares in the last quarter. CX Institutional purchased a new position in shares of Hubbell in the first quarter worth approximately $49,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Hubbell in the first quarter worth approximately $53,000. 88.16% of the stock is owned by hedge funds and other 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.