Hubbell (HUBB) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hubbell in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HUBB shares.
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7 brokerages have issued 1-year price targets for Hubbell's shares. Their HUBB share price targets range from $335.00 to $375.00. On average, they anticipate the company's stock price to reach $353.00 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
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Hubbell's stock was trading at $328.93 on January 1st, 2024. Since then, HUBB shares have increased by 10.4% and is now trading at $363.01.
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Hubbell saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 489,300 shares, a decline of 11.1% from the December 31st total of 550,700 shares. Based on an average daily volume of 454,100 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.9% of the shares of the stock are sold short.
View Hubbell's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our HUBB earnings forecast.

Hubbell Incorporated (NYSE:HUBB) announced its quarterly earnings results on Tuesday, January, 30th. The industrial products company reported $3.69 EPS for the quarter, topping the consensus estimate of $3.58 by $0.11. The industrial products company earned $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Hubbell had a trailing twelve-month return on equity of 30.82% and a net margin of 14.14%. The business's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.60 earnings per share.

Hubbell declared a quarterly dividend on Friday, January 26th. Shareholders of record on Thursday, February 29th will be paid a dividend of $1.22 per share on Friday, March 15th. This represents a $4.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, February 28th.
Read our dividend analysis for HUBB.

Hubbell (NYSE:HUBB) pays an annual dividend of $4.88 per share and currently has a dividend yield of 1.34%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HUBB will have a dividend payout ratio of 27.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HUBB.

ETFs with the largest weight of Hubbell (NYSE:HUBB) stock in their portfolio include Gabelli Love Our Planet & People ETF (LOPP), SmartETFs Sustainable Energy II ETF (SOLR), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Profound Medical (PRN), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), First Trust RBA American Industrial Renaissance ETF (AIRR), First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM).

Hubbell issued an update on its FY 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share guidance of 16.000-16.500 for the period, compared to the consensus EPS estimate of 16.420. The company issued revenue guidance of $5.8 billion-$5.9 billion, compared to the consensus revenue estimate of $5.8 billion.

29 employees have rated Hubbell Chief Executive Officer Timothy H. Powers on Glassdoor.com. Timothy H. Powers has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hubbell investors own include AT&T (T), Exxon Mobil (XOM), International Business Machines (IBM), Home Depot (HD), Johnson & Johnson (JNJ), Procter & Gamble (PG), Chevron (CVX), AbbVie (ABBV), Intel (INTC) and Verizon Communications (VZ).

Hubbell's stock is owned by many different retail and institutional investors. Top institutional shareholders include International Assets Investment Management LLC (2.75%), Massachusetts Financial Services Co. MA (2.37%), Impax Asset Management Group plc (1.26%), Victory Capital Management Inc. (0.97%), Charles Schwab Investment Management Inc. (0.81%) and Norges Bank (0.81%). Insiders that own company stock include Allan Connolly, Alyssa R Flynn, Anthony Guzzi, Carlos M Cardoso, Gerben Bakker, John F Malloy, Katherine Anne Lane, Mark Eugene Mikes, Nero Jonathan M Del, Nero Jonathan M Del, Stephen M Mais and William R Sperry.
View institutional ownership trends.

Shares of HUBB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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