Hubbell Inc (NYSE:HUBB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hubbell Inc (NYSE:HUBB) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $497.25.

HUBB has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Hubbell from a “strong-buy” rating to a “buy” rating in a report on Monday, December 29th. Barclays lifted their target price on shares of Hubbell from $456.00 to $465.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Morgan Stanley set a $515.00 price target on shares of Hubbell in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company raised their price objective on shares of Hubbell from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th.

Hubbell Trading Up 1.2%

NYSE:HUBB opened at $489.92 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $26.04 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The firm’s 50 day moving average is $446.57 and its 200 day moving average is $437.38. Hubbell has a 12 month low of $299.42 and a 12 month high of $497.95.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.19. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $4.49 earnings per share. Hubbell’s revenue was up 4.1% compared to the same quarter last year. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Sell-side analysts expect that Hubbell will post 17.63 earnings per share for the current year.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is 35.24%.

Insider Activity at Hubbell

In related news, insider Mark Eugene Mikes sold 2,470 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the sale, the insider directly owned 4,785 shares in the company, valued at approximately $2,232,202.50. The trade was a 34.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John F. Malloy bought 435 shares of the business’s stock in a transaction on Monday, November 17th. The stock was bought at an average price of $429.24 per share, with a total value of $186,719.40. Following the purchase, the director owned 19,085 shares in the company, valued at $8,192,045.40. This trade represents a 2.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hubbell

Large investors have recently modified their holdings of the company. Boston Partners bought a new stake in Hubbell during the 2nd quarter worth approximately $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Hubbell in the third quarter worth $162,309,000. Mirova US LLC purchased a new stake in shares of Hubbell in the second quarter worth $139,386,000. Troy Asset Management Ltd purchased a new stake in shares of Hubbell in the second quarter worth $132,540,000. Finally, Bain Capital Public Equity Management II LLC bought a new stake in Hubbell during the second quarter valued at $132,286,000. 88.16% of the stock is currently owned by institutional investors.

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.