Hubbell Inc (NYSE:HUBB) Receives $553.89 Average Price Target from Analysts

Shares of Hubbell Inc (NYSE:HUBB) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $553.8889.

Several research analysts recently commented on the company. UBS Group reissued a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Robert W. Baird began coverage on shares of Hubbell in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Finally, Barclays upped their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th.

Insider Buying and Selling

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Hubbell

A number of institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in Hubbell by 48,520.9% in the 2nd quarter. California State Teachers Retirement System now owns 39,838,018 shares of the industrial products company’s stock valued at $20,843,251,000 after buying an additional 39,756,082 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Hubbell during the second quarter valued at approximately $2,455,986,000. Wellington Management Group LLP boosted its holdings in shares of Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. State Street Corp grew its holdings in Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after buying an additional 40,623 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Hubbell in the second quarter valued at approximately $783,142,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Down 2.2%

Shares of HUBB stock opened at $459.86 on Friday. 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 firm has a market cap of $24.30 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.90. The company has a 50-day moving average of $491.58 and a two-hundred day moving average of $497.43. Hubbell has a 1-year low of $403.82 and a 1-year high of $565.50.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, analysts predict that Hubbell will post 20.41 EPS for the current year.

Hubbell Announces Dividend

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

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.