Hubbell (NYSE:HUBB) Now Covered by Analysts at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. started coverage on shares of Hubbell (NYSE:HUBB) in a research report issued on Tuesday. The firm set a “neutral” rating and a $485.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 6.88% from the company’s current price.

Several other brokerages have also recently issued reports on HUBB. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report 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 reduced their price target on Hubbell from $575.00 to $560.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Morgan Stanley set a $600.00 price target on shares of Hubbell in a research report on Friday. Finally, Robert W. Baird assumed coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average target price of $552.67.

Hubbell Price Performance

Shares of HUBB stock traded down $11.12 during trading hours on Tuesday, reaching $453.80. The company had a trading volume of 53,852 shares, compared to its average volume of 570,022. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The stock has a fifty day moving average of $468.15 and a 200-day moving average of $488.12. The company has a market capitalization of $23.97 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.30 and a beta of 0.85. Hubbell has a 12-month low of $403.82 and a 12-month high of $565.50.

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

Insider Buying and Selling at Hubbell

In other news, VP Jonathan Del Nero sold 547 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of Hubbell

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

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.