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 Wall Street research analysts have issued 1 year price objectives for Hubbell's shares. Their HUBB share price targets range from $335.00 to $375.00. On average, they expect the company's share price to reach $353.00 in the next year. This suggests that the stock has a possible downside of 1.5%.
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Hubbell's stock was trading at $328.93 on January 1st, 2024. Since then, HUBB stock has increased by 8.9% and is now trading at $358.21.
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Hubbell saw a decline in short interest during 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 trading volume, of 454,100 shares, the short-interest ratio is currently 1.1 days. Currently, 0.9% of the company's shares 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) posted its quarterly earnings results on Tuesday, January, 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.11. The industrial products company had revenue of $1.35 billion for 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 firm's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm 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 annualized dividend and a yield of 1.36%. The ex-dividend date 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 1.39%. 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 updated its FY 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share (EPS) guidance of 16.000-16.500 for the period, compared to the consensus earnings per share 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 institutional and retail 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 Dimensional Fund Advisors LP (0.68%). Insiders that own company stock include Allan Connolly, Alyssa R Flynn, Anthony Guzzi, Carlos M Cardoso, Gerben Bakker, John F Malloy, Katherine Anne Lane, Nero Jonathan M Del, Nero Jonathan M Del, Stephen M Mais and William R Sperry.
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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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