Hubbell (NYSE:HUBB) Issues Earnings Results

Hubbell (NYSE:HUBB) issued its quarterly earnings results on Tuesday. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.13, FiscalAI reports. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm earned $4.93 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell updated its FY 2026 guidance to 20.250-20.550 EPS.

Here are the key takeaways from Hubbell’s conference call:

• Positive Sentiment: Hubbell raised its 2026 outlook, now expecting 16%–18% sales growth, 23.1%–23.4% adjusted operating margins, and adjusted EPS of $20.25–$20.55, representing 11%–13% year-over-year EPS growth.
• Positive Sentiment: Second-quarter sales rose 15% to $1.712 billion, with 10% organic growth. Electrical Solutions benefited from approximately 65% data-center sales growth, while Utility Solutions saw strong distribution demand and a 1.2x first-half book-to-bill ratio.
• Positive Sentiment: The recently completed $3 billion NSI acquisition contributed $35 million of June sales and is expected to add approximately $0.20 to 2026 adjusted EPS and $0.80 in 2027, with targeted sales synergies of 2%–3% and cost synergies of 3%–5% over three years.
• Neutral Sentiment: Management expects Electrical Solutions margins to expand in the second half despite inflation and restructuring investments, helped by pricing, productivity actions, and an approximately $20 million third-quarter benefit from IEEPA tariff refunds.
• Negative Sentiment: NSI financing increased net interest expense, with pro forma leverage rising to approximately 2.9x net debt to EBITDA; Hubbell also expects free-cash-flow conversion of about 90% in 2026 as elevated capital spending, working capital needs, and acquisition costs continue.

Hubbell Stock Up 3.1%

Shares of HUBB stock traded up $14.51 during trading on Thursday, hitting $475.47. 68,022 shares of the company were exchanged, compared to its average volume of 599,915. The business’s 50-day simple moving average is $489.22 and its 200 day simple moving average is $497.06. Hubbell has a twelve month low of $403.82 and a twelve month high of $565.50. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.37 and a beta of 0.89. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.94 and a current ratio of 1.61.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HUBB shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a report on Wednesday. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased 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. Stephens increased their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. boosted its holdings in Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 24 shares in the last quarter. Quest Investment Management LLC raised its holdings in Hubbell by 1.3% during the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after buying an additional 25 shares in the last quarter. Quarry LP raised its holdings in Hubbell by 23.6% during the third quarter. Quarry LP now owns 152 shares of the industrial products company’s stock valued at $65,000 after buying an additional 29 shares in the last quarter. Raiffeisen Bank International AG lifted its position in shares of 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. Finally, Lido Advisors LLC lifted its position in shares of Hubbell by 4.1% in the fourth quarter. Lido Advisors LLC now owns 789 shares of the industrial products company’s stock worth $341,000 after buying an additional 31 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

About Hubbell

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.