Wall Street Zen Downgrades Hubbell (NYSE:HUBB) to Hold

by · The Cerbat Gem

Hubbell (NYSE:HUBB – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts have also recently issued reports on the company. Stephens upped their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Barclays raised their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research report on Wednesday. Wells Fargo & Company upped their price target 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. Finally, Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Six equities research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $554.38.

View Our Latest Research Report on Hubbell

Hubbell Trading Up 0.0%

Shares of HUBB stock opened at $472.63 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.90. Hubbell has a 12-month low of $403.82 and a 12-month high of $565.50. The stock’s 50-day moving average price is $489.43 and its 200-day moving average price is $497.07.

Hubbell (NYSE:HUBB – Get Free Report) last announced 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 company 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%.The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities research analysts predict that Hubbell will post 20.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Hubbell

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. Boston Partners raised its position in Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock worth $452,675,000 after purchasing an additional 278,649 shares during the period. Troy Asset Management Ltd lifted its stake in Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after purchasing an additional 208,327 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Hubbell by 355.8% in the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after purchasing an additional 173,668 shares during the last quarter. Finally, Merewether Investment Management LP purchased a new position in shares of Hubbell during the second quarter valued at approximately $68,164,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Company Profile

(Get Free Report)

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.

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