Hubbell (NYSE:HUBB) Releases Earnings Results, Beats Estimates By $0.04 EPS

Hubbell (NYSE:HUBB) released its quarterly earnings data on Tuesday. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.04, FiscalAI reports. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a return on equity of 27.68% and a net margin of 15.24%. Hubbell updated its FY 2026 guidance to 19.150-19.850 EPS.

Hubbell Stock Up 1.7%

Shares of Hubbell stock opened at $496.25 on Tuesday. Hubbell has a twelve month low of $299.42 and a twelve month high of $501.32. The stock has a market cap of $26.38 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $458.74 and a 200 day moving average price of $443.03.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 35.24%.

Insider Transactions at Hubbell

In other news, insider Mark Eugene Mikes sold 2,470 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total value of $1,152,255.00. Following the completion of the sale, the insider owned 4,785 shares of the company’s stock, valued at $2,232,202.50. This represents a 34.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John F. Malloy purchased 435 shares of Hubbell stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the transaction, the director directly owned 19,085 shares in the company, valued at $8,192,045.40. This represents a 2.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.76% of the company’s stock.

Institutional Trading of Hubbell

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new position in Hubbell during the 3rd quarter worth $33,000. MUFG Securities EMEA plc acquired a new position in shares of Hubbell in the 2nd quarter worth approximately $65,000. Quarry LP raised its position in shares of Hubbell by 23.6% during the 3rd quarter. Quarry LP now owns 152 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 29 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 155 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Hubbell during the third quarter worth $93,000. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the subject of a number of recent research reports. Barclays lifted their price objective on Hubbell from $456.00 to $465.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Wells Fargo & Company raised their price target on shares of Hubbell from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price objective on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.25.

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.