Hubbell (NYSE:HUBB) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Hubbell (NYSE:HUBB) from a buy rating to a hold rating in a research report report published on Saturday morning.

HUBB has been the topic of several other reports. Barclays upped their price objective on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Evercore raised their price objective on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their price target on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and an average target price of $536.00.

Hubbell Trading Down 3.4%

NYSE:HUBB opened at $475.97 on Friday. The company’s 50-day simple moving average is $494.97 and its 200 day simple moving average is $458.95. Hubbell has a one year low of $299.42 and a one year high of $533.80. The firm has a market capitalization of $25.30 billion, a P/E ratio of 28.55, a PEG ratio of 2.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

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

Hubbell Announces Dividend

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

Insider Activity at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at $32,143,647.40. This represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares in the company, valued at $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,689 shares of company stock valued at $17,407,395 in the last quarter. Corporate insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Hubbell

Institutional investors and hedge funds have recently bought and sold shares of the company. Townsquare Capital LLC grew its holdings in Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after purchasing an additional 22 shares during the period. BSW Wealth Partners increased its position in shares of Hubbell by 2.9% during the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 22 shares in the last quarter. Unique Wealth LLC raised its stake in Hubbell by 2.6% in the 3rd quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 23 shares during the last quarter. GAMMA Investing LLC raised its stake in Hubbell by 2.2% in the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares in 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.