Mizuho Issues Pessimistic Forecast for Hubbell (NYSE:HUBB) Stock Price

Hubbell (NYSE:HUBB) had its price objective dropped by stock analysts at Mizuho from $575.00 to $560.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price objective would suggest a potential upside of 18.63% from the stock’s current price.

HUBB has been the topic of several other research reports. Evercore restated an “outperform” rating and issued a $630.00 price target on shares of Hubbell in a research report on Friday, October 9th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Morgan Stanley lifted their target price on Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 2nd. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $580.00 target price on shares of Hubbell in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $555.11.

Hubbell Stock Performance

NYSE:HUBB opened at $472.04 on Thursday. The company has a 50-day moving average of $470.89 and a 200-day moving average of $488.49. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.38 and a beta of 0.85. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. Hubbell has a twelve month low of $403.82 and a twelve month high of $565.50.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping 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 business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $4.93 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts forecast that Hubbell will post 20.45 earnings per share for the current fiscal year.

Insider Activity

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.63% of the stock is owned by corporate insiders.

Institutional Trading of Hubbell

A number of hedge funds have recently modified their holdings of HUBB. BlackRock Inc. acquired a new position in Hubbell during the second quarter valued at $2,455,986,000. Bank of New York Mellon Corp purchased a new stake in Hubbell in the 2nd quarter worth about $783,142,000. Deutsche Bank AG purchased a new stake in Hubbell in the 2nd quarter worth about $610,053,000. Bank of America Corp DE acquired a new stake in Hubbell during the 2nd quarter worth about $204,918,000. Finally, Man Group plc acquired a new stake in Hubbell during the 2nd quarter worth about $179,698,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

About Hubbell

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.