In a report released today, Julian Mitchell from Barclays maintained a Hold rating on Hubbell B (HUBB – Research Report), with a price target of $400.00. The company’s shares closed yesterday at $427.29.
According to TipRanks, Mitchell is a top 100 analyst with an average return of 17.0% and a 67.74% success rate. Mitchell covers the Industrials sector, focusing on stocks such as Honeywell International, Stanley Black & Decker, and 3M.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hubbell B with a $403.50 average price target, implying a -5.57% downside from current levels. In a report released on September 29, Wells Fargo also maintained a Hold rating on the stock with a $400.00 price target.
Based on Hubbell B’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.45 billion and a net profit of $213.6 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $206.8 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HUBB in relation to earlier this year. Most recently, in August 2024, Gerben Bakker, the COB, Pres & CEO of HUBB sold 15,677.00 shares for a total of $5,868,578.72.
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Hubbell B (HUBB) Company Description:
Hubbell, Inc. engages in designing, manufacturing and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates though the following segments: Electrical and Power. The Electrical segment manufactures and sells wiring and electrical, lighting fixtures and controls for indoor and outdoor applications as well as specialty lighting and communications products. The Power segment consists of operations that design, manufacture and sale of transmission and distribution components primarily for the electrical utilities industry. The company was founded by Harvey Hubbell II in 1888 and is headquartered in Shelton, CT.
