Hubbell (NYSE:HUBB) Posts Earnings Results, Beats Estimates By $0.13 EPS

Hubbell (NYSE:HUBB) posted its earnings results on Tuesday. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13, FiscalAI reports. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm 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 business earned $4.93 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Hubbell updated its FY 2026 guidance to 20.250-20.550 EPS.

Hubbell Trading Down 3.9%

HUBB opened at $478.55 on Tuesday. 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 of $488.83 and a 200-day moving average of $496.94. Hubbell has a twelve month low of $403.82 and a twelve month high of $565.50. The stock has a market cap of $25.29 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is currently 33.55%.

Institutional Investors Weigh In On Hubbell

A number of large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of Hubbell by 140.4% during the 4th 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 in the last quarter. State Street Corp grew its stake in shares of 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. Price T Rowe Associates Inc. MD increased its position in Hubbell by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock valued at $539,257,000 after buying an additional 60,071 shares in the last quarter. Boston Partners increased its position in Hubbell by 30.7% in the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after buying an additional 172,990 shares in the last quarter. Finally, Nuveen LLC increased its position in Hubbell by 0.4% in the 4th quarter. Nuveen LLC now owns 640,182 shares of the industrial products company’s stock valued at $284,311,000 after buying an additional 2,293 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Wells Fargo & Company raised their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays boosted their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, Stephens upped their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

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.