Key Points
- Insider sale: Mark Eugene Mikes sold 2,601 shares on Feb. 17 at an average of $523.73 for about $1.36M, cutting his stake by 50.09% to 2,592 shares, according to the SEC filing.
- Earnings and guidance: Hubbell reported $4.73 EPS (vs. $4.70 expected) with revenue up 11.9% YoY and set FY2026 guidance of $19.15–$19.85 EPS (consensus ~17.63).
- Dividend and market view: The company declared a $1.42 quarterly dividend (annualized $5.68, 1.1% yield, ex-dividend Feb. 27) and holds a MarketBeat consensus of "Moderate Buy" with a ~$529.75 price target.
Hubbell Inc (NYSE:HUBB - Get Free Report) insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hubbell Stock Down 0.1%
NYSE HUBB traded down $0.76 on Friday, reaching $525.80. 147,428 shares of the stock traded hands, compared to its average volume of 573,928. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.64 and a beta of 1.02. The company has a fifty day moving average price of $478.06 and a 200-day moving average price of $449.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.
Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, research analysts forecast that Hubbell Inc will post 17.63 EPS for the current fiscal year.
Hubbell Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell's dividend payout ratio is presently 34.07%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Morgan Stanley set a $515.00 price objective on shares of Hubbell in a research note on Wednesday, January 7th. Evercore upped their price objective on Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Hubbell in a research report on Thursday, January 22nd. Wells Fargo & Company boosted their target price on shares of Hubbell from $515.00 to $550.00 and gave the stock an "overweight" rating in a report on Wednesday, February 4th. Finally, Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $529.75.
Get Our Latest Stock Analysis on Hubbell
Institutional Investors Weigh In On Hubbell
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Hubbell by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company's stock valued at $2,714,669,000 after buying an additional 21,508 shares in the last quarter. Wellington Management Group LLP raised its position in Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company's stock worth $1,116,773,000 after acquiring an additional 1,468,701 shares during the period. State Street Corp lifted its holdings in Hubbell by 1.8% during the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company's stock valued at $1,022,593,000 after purchasing an additional 40,623 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company's stock valued at $712,484,000 after purchasing an additional 226,856 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Hubbell by 0.6% during the second quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company's stock worth $625,698,000 after purchasing an additional 9,697 shares in 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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