Hubbell Inc (NYSE:HUBB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hubbell Inc (NYSE:HUBB) have received an average rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $546.25.

A number of equities analysts have weighed in on HUBB shares. Stephens increased their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Barclays raised their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th.

Hedge Funds Weigh In On Hubbell

Hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. raised its stake in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY purchased a new position in shares of Hubbell in the 4th quarter valued at $27,000. Raiffeisen Bank International AG raised 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 acquiring an additional 30 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of Hubbell in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

NYSE:HUBB opened at $476.04 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The company has a market cap of $25.15 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.40 and a beta of 0.91. Hubbell has a fifty-two week low of $380.86 and a fifty-two week high of $565.50. The firm’s 50 day moving average is $501.37 and its two-hundred day moving average is $484.92.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts expect that Hubbell will post 19.84 EPS for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

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.