Hubbell (NYSE:HUBB) Posts Earnings Results

Hubbell (NYSE:HUBB) released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06, Briefing.com reports. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. Hubbell updated its FY 2026 guidance to 19.300-19.850 EPS.

Here are the key takeaways from Hubbell’s conference call:

• Hubbell reported strong Q1 results with $1.517 billion in net sales (up 11%), 8% organic growth, adjusted operating profit up 18% and adjusted EPS of $3.93 (up 16%).
• Management raised full‑year guidance to 8%–11% total sales growth, 6%–9% organic growth and adjusted EPS of $19.30–$19.85, and expects at least 90% free cash‑flow conversion on adjusted net income.
• Company highlighted a long‑term opportunity in 765 kV high‑voltage transmission—an addressable market of about $1.5 billion over 10 years—with early project wins, product development and capacity investments that could add roughly a point of upside to transmission growth.
• Segment trends are robust—Utility Solutions drove double‑digit growth led by grid infrastructure and margin expansion, while Electrical Solutions delivered ~40% growth in data center markets (now guided >25% for the year); meter/AMI and grid automation remain weak but are expected to stabilize.
• Inflation accelerated versus prior assumptions but management says pricing and productivity offset costs dollar‑for‑dollar in Q1; they are increasing capacity and restructuring investments (R&R roughly $13M in Q1) and repurchased $168M of stock that is neutral to 2026 EPS but expected to be accretive in 2027.

Hubbell Stock Performance

Hubbell stock traded up $0.55 on Tuesday, hitting $485.58. The company’s stock had a trading volume of 801,102 shares, compared to its average volume of 596,744. Hubbell has a one year low of $380.86 and a one year high of $565.50. The firm has a market cap of $25.66 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $502.29 and a 200-day moving average price of $483.77.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s payout ratio is 33.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays lifted their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Morgan Stanley raised their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Institutional Trading of Hubbell

Several institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. lifted its stake in Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 24 shares during the period. Quest Investment Management LLC grew its position in Hubbell by 1.3% in the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 25 shares during the period. Quarry LP raised its stake in Hubbell by 23.6% during the third quarter. Quarry LP now owns 152 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 29 shares in the last quarter. Raiffeisen Bank International AG raised its stake 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 acquiring an additional 30 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in Hubbell by 4.1% during the 4th quarter. Lido Advisors LLC now owns 789 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 31 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

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.