Whether Hubbell Corporation's Stock is Lagging behind the Dow Jones Industrial Average?
Hubbell Incorporated, a Connecticut-based company serving various industries including utilities, data centers, commercial, and residential markets, released its second-quarter earnings on July 29. The company, which operates through two main segments: Utility Solutions and Electrical Solutions, has a market cap of $23.1 billion.
The earnings report showed an 11% increase in Hubbell's adjusted EPS, climbing to $4.93. This figure surpassed consensus estimates by a robust 13.1%, indicating a strong financial performance. However, the company's overall net sales rose 2.2% year-over-year to $1.5 billion, falling short of Wall Street expectations by 1.4%.
Organic sales growth for Hubbell was driven by strong demand in substation and transmission products, as well as continued momentum in the data center market. Despite this growth, Hubbell's shares dipped 2.5% in the next trading session following the earnings release.
Hubbell Incorporated's stock has been trading above its 50-day and 200-day moving averages since July, indicating an uptrend. The mean price target of $465.67 for Hubbell Incorporated suggests a 7.5% upside potential from current price levels.
Among the 12 analysts covering the HUBB stock, the consensus rating is a 'Moderate Buy.' It's worth noting that the stock has underperformed the Dow Jones Industrial Average (DJIA) over the past 52 weeks, with a 5.3% gain compared to DJIA's 10.6% returns. However, over the past three months, Hubbell Incorporated has surged 10.8%, surpassing the DJIA's 9% rise during the same time frame.
Hubbell Incorporated's current CEO is Gerben Bakker. The company's performance comes amidst a more competitive landscape, with Vertiv Holdings Co. (VRT) performing better, with shares up 20.4% in 2025 and surging 56.8% over the past 52 weeks. Hubbell Incorporated currently trades 10% below its all-time high of $481.35, recorded on Nov. 6, 2024.
All information and data in this article are for informational purposes only. Readers are encouraged to view the website's Disclosure Policy for more information. Kritika Sarmah did not have positions in any of the securities mentioned in the article on the date of publication.
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