Brokerages Set Hubbell Inc (NYSE:HUBB) PT at $554.38

Hubbell Inc (NYSE:HUBB) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $554.3750.

A number of research analysts recently weighed in on HUBB shares. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Barclays increased their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th.

Hedge Funds Weigh In On Hubbell

A number of large investors have recently modified their holdings of HUBB. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the period. NBT Bank N A NY bought a new position in Hubbell in the 4th quarter valued at $27,000. Raiffeisen Bank International AG grew its position in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Performance

NYSE HUBB traded up $6.18 during trading on Friday, hitting $491.60. 293,223 shares of the company’s stock traded hands, compared to its average volume of 557,363. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The stock has a market capitalization of $25.98 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.45 and a beta of 0.89. Hubbell has a 12-month low of $403.82 and a 12-month high of $565.50. The business has a 50 day moving average of $490.25 and a 200-day moving average of $494.46.

Hubbell (NYSE:HUBB) last posted its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $3.50 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts anticipate that Hubbell will post 19.83 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $1.42 per share. The ex-dividend date was Friday, May 29th. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.55%.

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.