Hubbell Inc (NYSE:HUBB) Receives $529.75 Consensus Target Price from Analysts

Hubbell Inc (NYSE:HUBB) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $529.75.

HUBB has been the topic of a number of research analyst reports. Barclays lifted their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Morgan Stanley set a $515.00 target price on shares of Hubbell in a report on Wednesday, January 7th. UBS Group reissued a “neutral” rating and set a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Monday, February 16th. Finally, Wells Fargo & Company increased their price objective on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $488.16 on Friday. Hubbell has a 12-month low of $299.42 and a 12-month high of $533.80. The company has a market cap of $25.95 billion, a PE ratio of 29.28, a P/E/G ratio of 2.61 and a beta of 1.00. The stock has a 50 day simple moving average of $489.93 and a 200-day simple moving average of $455.27. 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 released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. Hubbell’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities research analysts forecast that Hubbell will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Insider Buying and Selling

In related news, CEO Gerben Bakker sold 25,233 shares of the company’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 completion of the sale, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. This represents a 23.61% decrease in their position. 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. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Townsquare Capital LLC grew its position in Hubbell by 0.8% during the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after purchasing an additional 22 shares in the last quarter. BSW Wealth Partners boosted its stake in shares of Hubbell by 2.9% during the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after buying an additional 22 shares during the period. Unique Wealth LLC grew its holdings in shares of Hubbell by 2.6% during the 3rd quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 23 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 23 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Hubbell by 1.9% in the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors 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.