Hubbell (NYSE:HUBB) Issues Quarterly Earnings Results

Hubbell (NYSE:HUBB) posted its earnings results on Tuesday. The industrial products company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $0.04, FiscalAI reports. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell updated its FY 2026 guidance to 19.150-19.850 EPS.

Hubbell Stock Up 1.7%

Shares of HUBB opened at $496.25 on Tuesday. Hubbell has a 52-week low of $299.42 and a 52-week high of $501.32. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $458.74 and a 200 day moving average of $443.03. The company has a market cap of $26.38 billion, a PE ratio of 30.78, a P/E/G ratio of 2.47 and a beta of 1.02.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is presently 35.24%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBB. Evercore ISI started coverage on shares of Hubbell in a report on Monday, December 15th. They issued an “outperform” rating and a $575.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Mizuho increased their target price on Hubbell from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Wells Fargo & Company upped their price target on shares of Hubbell from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, Morgan Stanley set a $515.00 price objective on shares of Hubbell in a research note on Wednesday, January 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $497.25.

Insider Transactions at Hubbell

In other news, Director John F. Malloy purchased 435 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of $429.24 per share, with a total value of $186,719.40. Following the transaction, the director owned 19,085 shares of the company’s stock, valued at $8,192,045.40. This represents a 2.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Eugene Mikes sold 2,470 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total value of $1,152,255.00. Following the sale, the insider directly owned 4,785 shares in the company, valued at $2,232,202.50. This trade represents a 34.05% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Hubbell

A number of large investors have recently added to or reduced their stakes in HUBB. Captrust Financial Advisors boosted its position in shares of Hubbell by 16.9% during the 3rd quarter. Captrust Financial Advisors now owns 9,550 shares of the industrial products company’s stock valued at $4,109,000 after acquiring an additional 1,379 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Hubbell by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,508 shares of the industrial products company’s stock valued at $1,510,000 after purchasing an additional 144 shares during the last quarter. Danske Bank A S purchased a new position in shares of Hubbell during the 3rd quarter worth $27,143,000. Advisory Services Network LLC acquired a new stake in shares of Hubbell during the 3rd quarter worth about $93,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Hubbell during the 3rd quarter worth about $170,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

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.