Brokerages Set Hubbell Incorporated (NYSE:HUBB) Price Target at $471.50

Hubbell Incorporated (NYSE:HUBBGet Free Report) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $471.50.

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered shares of Hubbell from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $385.00 to $454.00 in a research note on Thursday, October 10th. Barclays lifted their price target on shares of Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Morgan Stanley lifted their price target on shares of Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Hubbell from a “buy” rating to a “hold” rating and cut their price target for the stock from $493.00 to $473.00 in a research note on Tuesday, November 26th.

Get Our Latest Research Report on Hubbell

Hubbell Stock Performance

NYSE:HUBB opened at $414.22 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The stock has a market capitalization of $22.23 billion, a P/E ratio of 29.84, a PEG ratio of 1.57 and a beta of 0.93. The company has a 50 day moving average price of $442.63 and a 200 day moving average price of $420.43. Hubbell has a fifty-two week low of $326.13 and a fifty-two week high of $481.35.

Hubbell (NYSE:HUBBGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.47 by $0.02. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $3.95 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Hubbell will post 16.48 EPS for the current year.

Insiders Place Their Bets

In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total transaction of $533,332.80. Following the transaction, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of Hubbell by 15.5% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 2,766 shares of the industrial products company’s stock valued at $1,159,000 after acquiring an additional 372 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Hubbell by 37.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,887 shares of the industrial products company’s stock worth $2,067,000 after acquiring an additional 1,325 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Hubbell by 10.2% in the fourth quarter. Yousif Capital Management LLC now owns 7,608 shares of the industrial products company’s stock valued at $3,187,000 after buying an additional 703 shares during the last quarter. Guidance Capital Inc. acquired a new position in shares of Hubbell in the fourth quarter valued at approximately $873,000. Finally, E. Ohman J or Asset Management AB raised its position in shares of Hubbell by 16.9% in the fourth quarter. E. Ohman J or Asset Management AB now owns 2,630 shares of the industrial products company’s stock valued at $1,102,000 after buying an additional 380 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Company Profile

(Get Free Report

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.

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Analyst Recommendations for Hubbell (NYSE:HUBB)

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