Hubbell Inc (NYSE:HUBB) Receives $554.38 Consensus Price Target from Analysts

Shares of Hubbell Inc (NYSE:HUBB) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $554.3750.

HUBB has been the topic of several research reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research report on Wednesday. Barclays lifted their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Stephens increased their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group reissued a “neutral” rating and set a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th.

Hubbell Stock Performance

NYSE HUBB opened at $472.63 on Wednesday. The stock has a market cap of $24.97 billion, a PE ratio of 27.98, a P/E/G ratio of 2.32 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The firm has a 50-day moving average of $489.43 and a 200-day moving average of $497.07. Hubbell has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. Hubbell’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts anticipate that Hubbell will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Institutional Trading of Hubbell

A number of institutional investors have recently bought and sold shares of HUBB. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after buying an additional 33 shares during the period. NBT Bank N A NY acquired a new stake in Hubbell during the fourth quarter worth approximately $27,000. Raiffeisen Bank International AG grew its position in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

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.