Hubbell Inc (NYSE:HUBB) Stock Has Average Price Target of $556.78 According to Brokerages

Hubbell Inc (NYSE:HUBB) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong 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 $557.89.

A number of equities analysts have recently issued reports on the company. Mizuho dropped their target price on Hubbell from $575.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday. Weiss Ratings upgraded shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Evercore reaffirmed an “outperform” rating and issued a $630.00 price objective on shares of Hubbell in a research note on Friday, October 9th. Wells Fargo & Company started coverage on Hubbell in a research note on Thursday, September 24th. They set an “equal weight” rating and a $531.00 price objective on the stock. Finally, Seaport Research Partners restated a “buy” rating and issued a $580.00 price target on shares of Hubbell in a report on Wednesday, September 30th.

Insider Transactions at Hubbell

In related news, VP Jonathan Del Nero sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HUBB. Pinnacle Bancorp Inc. raised its stake in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Schuylkill Financial LLC acquired a new position in shares of Hubbell during the second quarter worth about $30,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Hubbell during the second quarter worth about $35,000. Leonteq Securities AG bought a new position in shares of Hubbell during the first quarter worth about $33,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Hubbell during the second quarter worth about $37,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB opened at $461.27 on Monday. The business’s fifty day moving average price is $468.96 and its 200 day moving average price is $488.18. Hubbell has a 12-month low of $403.82 and a 12-month high of $565.50. The stock has a market capitalization of $24.37 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.32 and a beta of 0.85. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company earned $4.93 EPS. Hubbell’s revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities research analysts forecast that Hubbell will post 20.45 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 31st. Hubbell’s payout ratio is 33.63%.

Hubbell Company Profile

Hubbell Incorporated (NYSE:HUBB) designs and manufactures electrical and utility products used to support the generation, transmission, distribution and control of electricity. The company serves electric utilities, electrical contractors, industrial businesses, commercial facilities and communications infrastructure providers.

Its Utility Solutions products include transmission and distribution equipment, connectors, insulators, arresters, grounding and bonding products, substation equipment, and enclosures for underground electrical systems.