Hubbell (NYSE:HUBB) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Hubbell (NYSE:HUBB) from a strong-buy rating to a buy rating in a report published on Sunday morning.

HUBB has been the topic of several other research reports. Barclays upped their price objective on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price target on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Stephens reiterated an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. Finally, Evercore raised their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $529.75.

Hubbell Stock Down 0.8%

Shares of NYSE:HUBB opened at $502.26 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $26.69 billion, a P/E ratio of 30.13, a P/E/G ratio of 2.56 and a beta of 1.02. Hubbell has a 52-week low of $299.42 and a 52-week high of $513.59. The stock’s fifty day simple moving average is $467.04 and its 200-day simple moving average is $445.79.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion during 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%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts forecast that Hubbell will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

Insider Transactions at Hubbell

In related news, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the sale, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John F. Malloy acquired 435 shares of the business’s stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the purchase, the director directly owned 19,085 shares of the company’s stock, valued at $8,192,045.40. This represents a 2.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Hubbell

Institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in Hubbell by 147.8% during 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 purchasing an additional 34 shares during the period. NBT Bank N A NY acquired a new stake in Hubbell in the fourth quarter worth $27,000. Hantz Financial Services Inc. lifted its stake in Hubbell by 141.4% in the third 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 last quarter. Baillie Gifford & Co. boosted its holdings 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 valued at $31,000 after acquiring an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Hubbell by 630.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. 88.16% of the stock is owned by 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.