Hubbell Inc (NYSE:HUBB) Given Average Recommendation of “Moderate Buy” by Brokerages

Hubbell Inc (NYSE:HUBB) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $546.25.

HUBB has been the topic of several research analyst reports. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Wells Fargo & Company boosted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st.

Hubbell Stock Up 2.7%

Shares of HUBB opened at $489.99 on Tuesday. 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 12 month low of $385.91 and a 12 month high of $565.50. The stock’s 50 day moving average is $501.29 and its two-hundred day moving average is $485.77. The firm has a market cap of $25.89 billion, a P/E ratio of 28.94, a PEG ratio of 2.40 and a beta of 0.91.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 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 firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $3.50 earnings per share. The firm’s 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. Analysts predict that Hubbell will post 19.84 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its position in shares of Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 1,518 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Hubbell by 18.9% during the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Hubbell during the 1st quarter worth about $599,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 111 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

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.