Wells Fargo & Company Issues Pessimistic Forecast for Hubbell (NYSE:HUBB) Stock Price

Hubbell (NYSE:HUBB) had its price objective dropped by stock analysts at Wells Fargo & Company from $550.00 to $530.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 5.60% from the stock’s current price.

HUBB has been the topic of a number of other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Barclays upped their price objective on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus target price of $533.50.

Hubbell Price Performance

Shares of Hubbell stock traded up $11.17 on Wednesday, hitting $501.91. The company’s stock had a trading volume of 112,789 shares, compared to its average volume of 570,782. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00. Hubbell has a 1 year low of $299.42 and a 1 year high of $533.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The firm has a fifty day moving average price of $496.08 and a 200-day moving average price of $461.60.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business posted $4.10 earnings per share. Hubbell’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts anticipate that Hubbell will post 17.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 in the last quarter. Insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Hubbell

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. NBT Bank N A NY purchased a new position in shares of Hubbell during the 4th quarter worth $27,000. Raiffeisen Bank International AG boosted its position in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in shares of Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds 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.