Hubbell Incorporated (NYSE:HUBB) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $139.60.
Several research firms have recently commented on HUBB. Zacks Investment Research upgraded Hubbell from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Wednesday, June 27th. Wolfe Research began coverage on Hubbell in a research note on Wednesday, June 27th. They set a “market perform” rating for the company. JMP Securities upgraded Hubbell from a “market perform” rating to an “outperform” rating in a research note on Monday, June 18th. ValuEngine upgraded Hubbell from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Morgan Stanley upped their price target on Hubbell from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th.
Shares of Hubbell stock traded up $1.28 during trading hours on Friday, hitting $121.50. 478,550 shares of the company were exchanged, compared to its average volume of 465,839. Hubbell has a 1 year low of $100.55 and a 1 year high of $149.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.99 and a quick ratio of 1.20. The stock has a market capitalization of $7.32 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08.
Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.19. Hubbell had a return on equity of 21.57% and a net margin of 6.45%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Hubbell will post 7.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, August 30th. Hubbell’s payout ratio is 51.94%.
A number of large investors have recently added to or reduced their stakes in HUBB. Point72 Asia Hong Kong Ltd purchased a new position in Hubbell in the first quarter worth $143,000. Cerebellum GP LLC purchased a new position in Hubbell in the third quarter worth $183,000. Vigilant Capital Management LLC purchased a new position in Hubbell in the second quarter worth $188,000. Cornerstone Wealth Management LLC purchased a new position in Hubbell in the second quarter worth $210,000. Finally, IFG Advisory LLC purchased a new position in Hubbell in the second quarter worth $231,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.
Hubbell Company Profile
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.
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