Analysts Set Hubbell Inc (NYSE:HUBB) Price Target at $555.00

by · The Markets Daily

Hubbell Inc (NYSE:HUBB – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $555.00.

HUBB has been the topic of a number of analyst reports. Robert W. Baird began coverage on Hubbell in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective on the stock. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Get Our Latest Stock Report on Hubbell

Insider Transactions at Hubbell

In other news, VP Jonathan Del Nero sold 547 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hubbell

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Hubbell in the second quarter valued at approximately $2,455,986,000. Bank of New York Mellon Corp bought a new stake in Hubbell during the 2nd quarter worth approximately $783,142,000. Geode Capital Management LLC grew its position in Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after acquiring an additional 10,898 shares during the last quarter. Deutsche Bank AG acquired a new stake in Hubbell during the 2nd quarter valued at $610,053,000. Finally, Boston Partners increased its holdings in Hubbell by 37.8% during the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after purchasing an additional 278,649 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of HUBB opened at $456.92 on Thursday. The business’s 50-day moving average is $475.64 and its 200-day moving average is $489.88. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 2.19 and a beta of 0.89. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. Hubbell’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities research analysts expect that Hubbell will post 20.43 EPS for the current fiscal year.

Hubbell Dividend Announcement

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

Hubbell Company Profile

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Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.

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