Hubbell (NYSE:HUBB) Raised to Hold at Wells Fargo & Company

Hubbell (NYSE:HUBB) was upgraded by equities research analysts at Wells Fargo & Company to a “hold” rating in a report released on Thursday, Zacks reports.

Several other research analysts also recently commented on the company. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Morgan Stanley boosted their price objective on Hubbell from $565.00 to $575.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Robert W. Baird assumed coverage on shares of Hubbell in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $551.78.

Hubbell Trading Up 0.1%

NYSE:HUBB opened at $466.21 on Thursday. Hubbell has a one year low of $403.82 and a one year high of $565.50. The business has a fifty day moving average price of $474.06 and a 200-day moving average price of $489.37. The firm has a market capitalization of $24.63 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.28 and a beta of 0.89. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share 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 company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $4.93 earnings per share. Hubbell’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Sell-side analysts forecast that Hubbell will post 20.43 EPS for the current year.

Insider Buying and Selling at Hubbell

In other news, VP Jonathan Del Nero sold 547 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. raised its position in shares of Hubbell by 165.0% during 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 bought a new position in shares of Hubbell during the second quarter worth $30,000. Keating Financial Advisory Services Inc. purchased a new position in Hubbell during the second quarter valued at $35,000. Leonteq Securities AG purchased a new position in Hubbell during the first quarter valued at $33,000. Finally, Fiduciary Financial Advisors bought a new stake in Hubbell in the 2nd quarter valued at $37,000. 88.16% of the stock is currently owned by institutional investors.

About Hubbell

Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.