Hubbell (NYSE:HUBB) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Hubbell (NYSE:HUBB) from a hold rating to a buy rating in a report released on Saturday.

A number of other research firms also recently issued reports on HUBB. Wells Fargo & Company increased their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Barclays upped their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Stephens lifted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, UBS Group reissued a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Price Performance

Shares of NYSE HUBB opened at $489.18 on Friday. The firm has a market cap of $25.85 billion, a PE ratio of 28.89, a PEG ratio of 2.46 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell has a 1-year low of $403.82 and a 1-year high of $565.50. The company has a fifty day moving average price of $488.41 and a 200 day moving average price of $495.42.

Hubbell (NYSE:HUBB) last released 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. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts predict that Hubbell will post 19.86 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio is presently 33.55%.

Hedge Funds Weigh In On Hubbell

Institutional investors have recently added to or reduced their stakes in the company. BSW Wealth Partners increased its stake in Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 22 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Hubbell by 2.2% in the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares during the last quarter. Finally, Quest Investment Management LLC raised its holdings in shares of Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after buying an additional 25 shares in the last quarter. 88.16% of the stock is currently 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.