Hubbell (NYSE:HUBB) Releases FY 2026 Earnings Guidance

Hubbell (NYSE:HUBB) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 19.150-19.850 for the period, compared to the consensus earnings per share estimate of 19.770. The company issued revenue guidance of $6.3 billion-$6.4 billion, compared to the consensus revenue estimate of $6.3 billion.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on Hubbell from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Barclays lifted their price objective on Hubbell from $456.00 to $465.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their target price on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Mizuho raised their price target on shares of Hubbell from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Evercore ISI assumed coverage on shares of Hubbell in a report on Monday, December 15th. They issued an “outperform” rating and a $575.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and an average target price of $497.25.

Hubbell Stock Up 1.7%

Shares of HUBB opened at $496.25 on Tuesday. The company has a market capitalization of $26.38 billion, a P/E ratio of 30.78, a PEG ratio of 2.47 and a beta of 1.02. Hubbell has a one year low of $299.42 and a one year high of $501.32. The business’s 50 day simple moving average is $458.74 and its 200-day simple moving average is $443.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.85.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.04. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $4.10 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts predict that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.1%. Hubbell’s dividend payout ratio is currently 35.24%.

Insider Transactions at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,470 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 4,785 shares of the company’s stock, valued at approximately $2,232,202.50. This represents a 34.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John F. Malloy bought 435 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of $429.24 per share, with a total value of $186,719.40. Following the completion of the purchase, the director owned 19,085 shares of the company’s stock, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Hubbell

A number of institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in Hubbell during the 3rd quarter valued at $33,000. MUFG Securities EMEA plc acquired a new position in shares of Hubbell in the second quarter valued at $65,000. Quarry LP raised its position in shares of Hubbell by 23.6% in the third quarter. Quarry LP now owns 152 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 29 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after buying an additional 155 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Hubbell during the 3rd quarter worth about $93,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

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.