Hubbell Inc (NYSE:HUBB) Receives $536.00 Average Target Price from Analysts

Hubbell Inc (NYSE:HUBB) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $536.00.

HUBB has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. 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. Evercore increased their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating 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. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, March 21st.

Insider Activity at Hubbell

In related news, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last 90 days. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HUBB. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY acquired a new stake in Hubbell in the 4th quarter valued at about $27,000. Raiffeisen Bank International AG boosted its stake in shares of Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Hubbell by 141.4% in the 3rd 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. grew its position in shares of Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Trading Down 0.2%

Shares of HUBB opened at $480.91 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell has a 12-month low of $299.42 and a 12-month high of $533.80. The firm has a 50-day moving average price of $496.11 and a 200 day moving average price of $460.96. The firm has a market capitalization of $25.57 billion, a P/E ratio of 28.85, a P/E/G ratio of 2.43 and a beta of 1.00.

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

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $1.42 per share. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

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.