Hubbell Inc (NYSE:HUBB) Receives $546.25 Consensus Target Price from Analysts

Shares of Hubbell Inc (NYSE:HUBB) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $546.25.

A number of brokerages have recently issued reports on HUBB. Barclays increased their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Evercore increased their target price on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Mizuho set a $575.00 price target on Hubbell in a research report on Wednesday, February 4th. Finally, Morgan Stanley increased their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th.

Hubbell Trading Down 0.7%

Shares of HUBB opened at $460.27 on Friday. Hubbell has a 1 year low of $374.68 and a 1 year high of $565.50. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $503.35 and a 200-day simple moving average of $481.36. The stock has a market cap of $24.47 billion, a PE ratio of 27.19, a PEG ratio of 2.34 and a beta of 0.95.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm posted $3.50 EPS. Hubbell’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, sell-side analysts predict that Hubbell will post 19.83 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is 33.55%.

Institutional Investors Weigh In On Hubbell

Large investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. grew its position in 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 acquiring an additional 33 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in 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 acquiring an additional 34 shares during the last quarter. NBT Bank N A NY bought a new stake in Hubbell during the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG grew its position in 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 acquiring an additional 30 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in Hubbell in the 1st quarter valued at $33,000. 88.16% of the stock is currently owned by institutional investors.

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.