Hubbell (NYSE:HUBB) Reaches New 12-Month High – Here’s What Happened

Hubbell Inc (NYSE:HUBB)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $553.02 and last traded at $551.8490, with a volume of 22374 shares changing hands. The stock had previously closed at $546.23.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUBB. Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Barclays increased their target price on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. increased their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Mizuho set a $575.00 target price on Hubbell in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $533.50.

Hubbell Price Performance

The company has a market capitalization of $29.38 billion, a PE ratio of 33.08, a PEG ratio of 2.71 and a beta of 1.00. The firm has a fifty day moving average of $504.51 and a two-hundred day moving average of $470.39. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.03. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.Hubbell’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts anticipate that Hubbell Inc will post 19.79 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $1.42 dividend. The ex-dividend date was Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.0%. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Insiders Place Their Bets

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the 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 completion of the sale, the vice president owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 34,689 shares of company stock worth $17,407,395. Corporate insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Hubbell

Several institutional investors and hedge funds have recently bought and sold shares of HUBB. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 buying an additional 34 shares during the period. NBT Bank N A NY bought a new position in shares of Hubbell in the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG raised its position in shares of Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 41 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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.