An Analysis Of Hubbell Incorporated (HUBB)’s Weekly Performance

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As of Wednesday close, Hubbell Incorporated’s (NYSE:HUBB) stock was down -$3.11, moving down -1.20 percent to $256.08. The average number of shares traded per day over the past five days has been 384,380 shares. 5 times new highs have been achieved over the past 5 days, with a $8.19 gain in that time frame. In the last twenty days, the average volume was 490,035, while in the previous 50 days, it was 603,250.

Since last month, HUBB stock rose 7.89%. Shares of the company fell to $219.29 on 10/24/22, the lowest level in the past month. A 52-week high of $259.19 was reached on 11/23/22 after having rallying from a 52-week low of $170.21. Since the beginning of this year, HUBB’s stock price has risen by 22.96% or $47.81, and marked a new high 21 times. However, the stock has declined by -1.20% since its 52-week high.


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HUBB stock investors should be aware that Hubbell Incorporated (HUBB) stock had its last reported insider trading activity 27 days ago on Oct 28. Sperry William R, the Executive VP and CFO of the company, disposed of 18,878 shares for $239.69 on Oct 28. It resulted in a $4,524,868 divestment by the insider. Guzzi Anthony sold 5 shares at an average price of $220.49 on Sep 26. The insider now owns 6,490 shares following the transaction. On Aug 12, President, Utility Solutions Connolly Allan sold 5,259 shares at $221.48 apiece. The transaction was valued at $1,164,763.

Valuation Metrics

Right now, Hubbell Incorporated (HUBB) has a P/E ratio of about 29.53. The stock’s beta is 1.05. Besides these, the trailing price-to-sales (P/S) ratio of 3.05, the price-to-book (PB) ratio of 5.93, and the price-to-cash flow ratio of 51.51 may also be considered.

The latest dividend of $1.12 per share was paid out, which is 6.67% more than last year’s $1.05. On Friday October 21 2022, a $0.07 dividend increase was announced.

Financial Health

In the three months ended September 29, Hubbell Incorporated’s quick ratio stood at 1.20, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.62, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 29.60% percent. In the year ended September 29, operating margins totaled 14.40%. Based on annual data, HUBB earned $1.15 billion in gross profit and brought in $4.19 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was 24.70%.

In Hubbell Incorporated’s quarter-end financial report for September 29, it reported total debt of $1.44 billion against cash and short-term investments of $12.5 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HUBB’s revenue rose 7.8% to $1.26 billion during the quarter, while net income inched up to $1.32 billion. While analysts expected Hubbell Incorporated to report $2.71 quarterly earnings, the actual figure was $2.88 per share, beating the consensus estimate by 6.30%. During the quarter, the company generated $241.8 million in EBITDA. The liabilities of Hubbell Incorporated were 3.01 billion at the end of its most recent quarter ended September 29, and its total debt was $1.44 billion. The value of shareholders’ equity is $53.71 million.

Technical Picture

This quick technical analysis looks at Hubbell Incorporated’s (HUBB) price momentum. With a historical volatility rate of 17.94%, the RSI 9-day stood at 66.74% on 23 November.

With respect to its five-day moving average, the current Hubbell Incorporated price is up by +3.30% percent or $8.19. At present, HUBB shares trade +7.57% above its 20-day simple moving average and +40.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.91% above its SMA50 and +35.83% above its SMA200.

Stochastic coefficient K was 87.76% and Stochastic coefficient D was 84.91%, while ATR was 6.44. Given the Stochastic reading of 79.82% for the 14-day period, the RSI (14) reading has been calculated as 65.00%. As of today, the MACD Oscillator reading stands at 4.15, while the 14-day reading stands at 7.66.

Analyst Ratings

Hubbell Incorporated downgraded its rating on Hubbell Incorporated (NYSE: HUBB) to an Underweight in a note to investors on October 19, 2022. The analysts firm previously had an Overweight rating on the stock.Hubbell Incorporated (HUBB) has been rated Hold by analysts. According to 1 brokerage firm, HUBB is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Hubbell Incorporated stock as buy, with 3 recommending it as overweight.

With a median target price of $243.00, the current consensus forecast for the stock is $200.00 – $275.00. Based on these forecasts, analysts predict Hubbell Incorporated (HUBB) will achieve an average price target of $238.63.

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