Hubbell (NYSE:HUBB) Releases Earnings Results

by · The Cerbat Gem

Hubbell (NYSE:HUBB – Get Free Report) posted its earnings results on Tuesday. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.39 by $0.13, FiscalAI reports. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company posted $4.93 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell updated its FY 2026 guidance to 20.250-20.550 EPS.

Hubbell Stock Up 2.7%

Shares of HUBB opened at $499.14 on Tuesday. The stock has a fifty day simple moving average of $488.83 and a two-hundred day simple moving average of $496.94. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $26.37 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. Hubbell has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Analyst Ratings Changes

A number of research firms recently weighed in on HUBB. Stephens upped their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company boosted 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. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. UBS Group reissued a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Check Out Our Latest Report on Hubbell

Hedge Funds Weigh In On Hubbell

A number of hedge funds have recently modified their holdings of HUBB. Benjamin Edwards Inc. raised its stake in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 24 shares during the period. Quest Investment Management LLC boosted its position in shares of Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 25 shares during the period. Quarry LP boosted its position in shares of Hubbell by 23.6% during the 3rd quarter. Quarry LP now owns 152 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 29 shares during the period. Raiffeisen Bank International AG increased its holdings in Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Finally, Lido Advisors LLC increased its holdings in Hubbell by 4.1% in the 4th quarter. Lido Advisors LLC now owns 789 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 31 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

About Hubbell

(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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