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 sent to investors on Saturday.

Several other equities research analysts have also recently commented on HUBB. Barclays raised their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Stephens raised their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company lifted their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Stock Down 0.2%

Shares of NYSE:HUBB opened at $472.63 on Friday. Hubbell has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a market cap of $24.97 billion, a PE ratio of 27.98, a P/E/G ratio of 2.32 and a beta of 0.89. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.94. The stock’s 50-day moving average is $489.43 and its 200 day moving average is $496.90.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.Hubbell’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Sell-side analysts anticipate that Hubbell will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

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

Institutional Investors Weigh In On Hubbell

A number of institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $25,000 after purchasing an additional 34 shares in the last quarter. Pinnacle Bancorp Inc. increased its stake 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. NBT Bank N A NY bought a new stake in Hubbell during the 4th quarter valued at about $27,000. Raiffeisen Bank International AG raised its holdings 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. Finally, Baillie Gifford & Co. raised its holdings in Hubbell by 62.8% in 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 during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

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.