Hubbell (NYSE:HUBB) Stock Rating Upgraded by Wall Street Zen

Hubbell (NYSE:HUBB) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

A number of other equities analysts also recently commented on the stock. Mizuho raised their price objective on shares of Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Stephens restated an “overweight” rating and set a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. UBS Group reaffirmed a “neutral” rating and issued a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. JPMorgan Chase & Co. increased their price objective on Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company lifted their price objective on Hubbell from $490.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and an average target price of $488.43.

Hubbell Trading Up 2.0%

Hubbell stock opened at $451.37 on Friday. The business has a 50 day moving average price of $440.11 and a two-hundred day moving average price of $428.86. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. Hubbell has a 12 month low of $299.42 and a 12 month high of $484.26. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.01.

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, topping the consensus estimate of $4.98 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.54 billion. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.Hubbell’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, equities analysts forecast that Hubbell will post 17.63 EPS for the current year.

Insider Buying and Selling

In related news, Director John F. Malloy acquired 435 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $429.24 per share, with a total value of $186,719.40. Following the acquisition, the director directly owned 19,085 shares in the company, valued at $8,192,045.40. The trade was a 2.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the transaction, the insider directly owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. This represents a 38.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. raised its stake in Hubbell by 181.6% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company’s stock worth $322,702,000 after buying an additional 628,886 shares during the period. Boston Partners acquired a new stake in shares of Hubbell during the second quarter worth about $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hubbell in the 3rd quarter valued at approximately $162,309,000. Mirova US LLC bought a new stake in Hubbell during the 2nd quarter worth approximately $139,386,000. Finally, Troy Asset Management Ltd bought a new stake in Hubbell during the 2nd quarter worth approximately $132,540,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

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.