Hubbell (NYSE:HUBB) Now Covered by Analysts at JPMorgan Chase & Co.

by · The Markets Daily

Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of Hubbell (NYSE:HUBB – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $485.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.88% from the stock’s current price.

HUBB has been the topic of several other research reports. Evercore restated an “outperform” rating and set a $630.00 price target on shares of Hubbell in a research report on Friday, October 9th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Mizuho lowered their target price on shares of Hubbell from $575.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Wells Fargo & Company assumed coverage on Hubbell in a research report on Thursday, September 24th. They set an “equal weight” rating and a $531.00 target price on the stock. Finally, Morgan Stanley set a $600.00 price target on Hubbell in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $552.67.

View Our Latest Analysis on Hubbell

Hubbell Stock Performance

NYSE:HUBB traded down $11.12 during mid-day trading on Tuesday, hitting $453.80. The company’s stock had a trading volume of 53,852 shares, compared to its average volume of 570,022. The business’s fifty day moving average is $468.15 and its two-hundred day moving average is $488.12. The stock has a market cap of $23.97 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.30 and a beta of 0.85. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. Hubbell has a 1 year low of $403.82 and a 1 year high of $565.50.

Hubbell (NYSE:HUBB – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The business 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 company’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts anticipate that Hubbell will post 20.50 EPS for the current fiscal year.

Insider Activity

In other news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Schuylkill Financial LLC purchased a new position in shares of Hubbell in the second quarter worth about $30,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Hubbell in the second quarter worth about $35,000. Leonteq Securities AG purchased a new position in shares of Hubbell in the first quarter worth about $33,000. Finally, Fiduciary Financial Advisors acquired a new position in Hubbell during the second quarter worth about $37,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Company Profile

(Get Free Report)

Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.

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