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NYSE:HUBB

Hubbell (HUBB) Stock Price, News & Analysis

Hubbell logo
$445.58 -6.79 (-1.50%)
(As of 11/20/2024 ET)

About Hubbell Stock (NYSE:HUBB)

Key Stats

Today's Range
$443.25
$452.90
50-Day Range
$392.87
$472.12
52-Week Range
$293.91
$481.35
Volume
381,300 shs
Average Volume
444,409 shs
Market Capitalization
$23.91 billion
P/E Ratio
32.10
Dividend Yield
1.10%
Price Target
$445.56
Consensus Rating
Moderate Buy

Company Overview

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. It also designs and manufactures various industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment sells its products through electrical and industrial distributors, home centers, retail and hardware outlets, lighting showrooms, and residential product-oriented internet sites; and special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers. The Utility Solution segment designs, manufactures, and sells electrical distribution, transmission, substation, and telecommunications products, such as arresters, insulators, connectors, anchors, bushings, and enclosures cutoffs and switches; and utility infrastructure products, including smart meters, communications systems, and protection and control devices. This segment sells its products to distributors. Its brand portfolio includes Hubbell, Kellems, Bryant, Burndy, CMC, Bell, TayMac, Wiegmann, Killark, Hawke, Aclara, Fargo, Quazite, Hot Box, etc. The company was founded in 1888 and is headquartered in Shelton, Connecticut.

Hubbell Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
81st Percentile Overall Score

HUBB MarketRank™: 

Hubbell scored higher than 81% of companies evaluated by MarketBeat, and ranked 48th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Hubbell has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Hubbell has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Hubbell's stock forecast and price target.
  • Earnings Growth

    Earnings for Hubbell are expected to grow by 7.59% in the coming year, from $16.47 to $17.72 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Hubbell is 32.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hubbell is 32.10, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.29.

  • Price to Earnings Growth Ratio

    Hubbell has a PEG Ratio of 1.63. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Hubbell has a P/B Ratio of 8.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Hubbell's valuation and earnings.
  • Percentage of Shares Shorted

    3.90% of the float of Hubbell has been sold short.
  • Short Interest Ratio / Days to Cover

    Hubbell has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Hubbell has recently decreased by 11.30%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Hubbell pays a meaningful dividend of 1.12%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Hubbell has been increasing its dividend for 17 years.

  • Dividend Coverage

    The dividend payout ratio of Hubbell is 35.16%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Hubbell will have a dividend payout ratio of 27.54% next year. This indicates that Hubbell will be able to sustain or increase its dividend.

  • Read more about Hubbell's dividend.
  • Percentage of Shares Shorted

    3.90% of the float of Hubbell has been sold short.
  • Short Interest Ratio / Days to Cover

    Hubbell has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Hubbell has recently decreased by 11.30%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Hubbell has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for Hubbell this week, compared to 12 articles on an average week.
  • MarketBeat Follows

    6 people have added Hubbell to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Hubbell insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $533,333.00 in company stock.

  • Percentage Held by Insiders

    Only 0.78% of the stock of Hubbell is held by insiders.

  • Percentage Held by Institutions

    88.16% of the stock of Hubbell is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Hubbell's insider trading history.
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HUBB Stock News Headlines

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Hubbell B Appoints Rochow to Board for Strategic Growth
Hubbell (NYSE:HUBB) Upgraded by StockNews.com to Buy Rating
See More Headlines

HUBB Stock Analysis - Frequently Asked Questions

Hubbell's stock was trading at $328.93 on January 1st, 2024. Since then, HUBB shares have increased by 35.5% and is now trading at $445.58.
View the best growth stocks for 2024 here
.

Hubbell Incorporated (NYSE:HUBB) posted its quarterly earnings results on Tuesday, October, 29th. The industrial products company reported $4.49 EPS for the quarter, topping the consensus estimate of $4.47 by $0.02. The firm's revenue for the quarter was up 4.9% on a year-over-year basis.

Top institutional shareholders of Hubbell include Mizuho Securities USA LLC (14.87%), FMR LLC (4.27%), State Street Corp (3.90%) and International Assets Investment Management LLC (3.58%). Insiders that own company stock include Gerben Bakker, William R Sperry, John F Malloy, Katherine Anne Lane, Neal J Keating, Anthony Guzzi, Allan Connolly, Alyssa R Flynn, Nero Jonathan M Del, Nero Jonathan M Del, Mark Eugene Mikes and Carlos M Cardoso.
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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Hubbell investors own include NVIDIA (NVDA), Salesforce (CRM), Meta Platforms (META), Advanced Micro Devices (AMD), Chevron (CVX), Broadcom (AVGO) and Coca-Cola (KO).

Company Calendar

Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Last Earnings
10/29/2024
Today
11/20/2024
Ex-Dividend for 12/16 Dividend
11/29/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

Industry, Sector and Symbol

Industry
Electronic components & accessories
Sub-Industry
Electronic Equipment
Employees
18,317
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$445.56
High Stock Price Target
$535.00
Low Stock Price Target
$338.00
Potential Upside/Downside
0.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$759.80 million
Pretax Margin
17.21%

Debt

Sales & Book Value

Annual Sales
$5.37 billion
Cash Flow
$18.56 per share
Book Value
$53.77 per share

Miscellaneous

Free Float
53,252,000
Market Cap
$23.91 billion
Optionable
Optionable
Beta
0.90

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This page (NYSE:HUBB) was last updated on 11/21/2024 by MarketBeat.com Staff
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