Hubbell (NYSE:HUBB) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Hubbell (NYSE:HUBB) in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $485.00 price objective on the industrial products company’s stock.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Mizuho dropped their price target on Hubbell from $575.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Wells Fargo & Company assumed coverage on Hubbell in a report on Thursday, September 24th. They issued an “equal weight” rating and a $531.00 price target on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $552.67.

Hubbell Stock Performance

Shares of HUBB opened at $445.19 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell has a twelve month low of $403.82 and a twelve month high of $565.50. The firm’s 50 day moving average price is $464.64 and its two-hundred day moving average price is $487.25. The firm has a market cap of $23.52 billion, a P/E ratio of 23.81, a PEG ratio of 2.29 and a beta of 0.85.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company earned $4.93 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, analysts forecast that Hubbell will post 20.50 EPS for the current fiscal year.

Insider Activity at Hubbell

In other news, VP Jonathan Del Nero sold 547 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the sale, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hubbell

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. boosted its stake in shares of Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Schuylkill Financial LLC bought a new position in shares of Hubbell in the 2nd quarter valued at about $30,000. Leonteq Securities AG bought a new position in shares of Hubbell in the 1st quarter valued at about $33,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Hubbell in the second quarter valued at about $35,000. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Hubbell in the second quarter valued at about $37,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

About Hubbell

Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.