Hubbell (NYSE:HUBB) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Hubbell (NYSE:HUBB) from a buy rating to a hold rating in a research report released on Monday.

Several other brokerages have also issued reports on HUBB. JPMorgan Chase & Co. increased their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 target price on Hubbell in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Evercore upped their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Barclays raised their price objective on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Trading Up 1.5%

NYSE:HUBB opened at $523.64 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.65 and a beta of 1.02. The firm has a fifty day simple moving average of $473.63 and a two-hundred day simple moving average of $448.17. Hubbell has a 12 month low of $299.42 and a 12 month high of $533.80.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts expect that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 34.07%.

Insider Activity at Hubbell

In related news, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the transaction, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,088 shares of company stock valued at $16,045,173 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.

Institutional Trading of Hubbell

Several hedge funds have recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. NBT Bank N A NY bought a new position in Hubbell during the fourth quarter valued at $27,000. Raiffeisen Bank International AG increased its position in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares during the period. Finally, Baillie Gifford & Co. lifted its position in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after buying an additional 27 shares during the last quarter. Institutional investors 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.