Hubbell Inc (NYSE:HUBB) Stock Has Consensus Price Target of $556.78

Hubbell Inc (NYSE:HUBB) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $556.78.

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Evercore reaffirmed an “outperform” rating and set a $630.00 price objective on shares of Hubbell in a report on Friday, October 9th. Robert W. Baird began coverage on Hubbell in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Seaport Research Partners reissued a “buy” rating and issued a $580.00 target price on shares of Hubbell in a report on Wednesday, September 30th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

Hubbell Price Performance

NYSE:HUBB opened at $472.04 on Monday. The company has a 50-day moving average of $470.89 and a 200-day moving average of $488.49. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.38 and a beta of 0.85. Hubbell has a 52 week low of $403.82 and a 52 week high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61.

Hubbell (NYSE:HUBB) last issued 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. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities research analysts anticipate that Hubbell will post 20.45 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $1.42 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s payout ratio is currently 33.63%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HUBB. Pinnacle Bancorp Inc. increased its holdings in Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Schuylkill Financial LLC bought a new position in Hubbell in the 2nd quarter valued at $30,000. Leonteq Securities AG acquired a new position in Hubbell in the first quarter worth $33,000. Keating Financial Advisory Services Inc. acquired a new position in Hubbell in the second quarter worth $35,000. Finally, Fiduciary Financial Advisors acquired a new position in Hubbell in the second quarter worth $37,000. 88.16% of the stock is owned by institutional investors.

Hubbell Company Profile

Hubbell Incorporated (NYSE:HUBB) designs and manufactures electrical and utility products used to support the generation, transmission, distribution and control of electricity. The company serves electric utilities, electrical contractors, industrial businesses, commercial facilities and communications infrastructure providers.

Its Utility Solutions products include transmission and distribution equipment, connectors, insulators, arresters, grounding and bonding products, substation equipment, and enclosures for underground electrical systems.