Seaport Res Ptn Forecasts Stronger Earnings for Hubbell

Hubbell Incorporated (NYSE:HUBB) – Seaport Res Ptn boosted their FY2024 earnings per share (EPS) estimates for Hubbell in a report released on Tuesday, October 29th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will earn $16.51 per share for the year, up from their previous forecast of $16.46. The consensus estimate for Hubbell’s current full-year earnings is $16.43 per share. Seaport Res Ptn also issued estimates for Hubbell’s Q1 2025 earnings at $3.82 EPS, Q1 2026 earnings at $4.20 EPS, Q2 2026 earnings at $5.24 EPS, Q3 2026 earnings at $5.22 EPS and FY2026 earnings at $19.42 EPS.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.47 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.48 billion. Hubbell had a return on equity of 28.98% and a net margin of 13.14%. Hubbell’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.95 EPS.

A number of other equities analysts have also weighed in on the stock. Mizuho upped their target price on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. cut Hubbell from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $385.00 to $454.00 in a research report on Thursday, October 10th. Barclays boosted their target price on Hubbell from $400.00 to $402.00 and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Hubbell from a “hold” rating to a “buy” rating and raised their price target for the stock from $431.00 to $441.00 in a research note on Friday, September 6th. Finally, Stephens reissued an “overweight” rating and issued a $450.00 price objective on shares of Hubbell in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $434.38.

Hubbell Stock Down 1.1 %

Shares of HUBB stock opened at $426.76 on Thursday. Hubbell has a 12-month low of $248.37 and a 12-month high of $461.77. The company has a quick ratio of 1.13, a current ratio of 1.81 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $419.94 and a 200-day moving average of $395.41. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 1.66 and a beta of 0.90.

Hedge Funds Weigh In On Hubbell

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBB. Nvwm LLC acquired a new stake in shares of Hubbell during the 1st quarter worth about $25,000. Quarry LP bought a new position in Hubbell in the 2nd quarter valued at about $49,000. Northwest Investment Counselors LLC acquired a new stake in Hubbell during the third quarter worth approximately $58,000. GAMMA Investing LLC lifted its position in Hubbell by 84.7% during the third quarter. GAMMA Investing LLC now owns 157 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 72 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Hubbell during the second quarter worth approximately $62,000. 88.16% of the stock is owned by institutional investors.

Insider Activity at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 15,677 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $374.34, for a total value of $5,868,528.18. Following the completion of the sale, the chief executive officer now owns 66,415 shares in the company, valued at $24,861,791.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Hubbell news, CEO Gerben Bakker sold 15,677 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $374.34, for a total transaction of $5,868,528.18. Following the transaction, the chief executive officer now owns 66,415 shares of the company’s stock, valued at $24,861,791.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carlos M. Cardoso sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total value of $164,043.00. Following the completion of the sale, the director now owns 1,670 shares in the company, valued at $608,781.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, November 29th. This is an increase from Hubbell’s previous quarterly dividend of $1.22. Hubbell’s dividend payout ratio is presently 36.39%.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.