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

Wall Street Zen lowered shares of Hubbell (NYSE:HUBB) from a buy rating to a hold rating in a report issued on Saturday.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. UBS Group restated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $475.52 on Friday. The company has a 50 day simple moving average of $489.44 and a two-hundred day simple moving average of $497.02. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.32 and a beta of 0.90. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. Hubbell has a 12 month low of $403.82 and a 12 month high of $565.50.

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

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. 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 Trading of Hubbell

Several large investors have recently added to or reduced their stakes in HUBB. Jones Financial Companies Lllp boosted its position in shares of Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 1,518 shares during the last quarter. Empowered Funds LLC increased its position in Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the period. Acadian Asset Management LLC purchased a new position in Hubbell during the first quarter worth about $599,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Hubbell by 31.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 111 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

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.