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Shelton, Connecticut-based Hubbell Incorporated (HUBB) designs, manufactures, and sells electrical and electronic products to commercial, industrial, utility, and telecommunications markets. With a market cap of $23.3 billion, Hubbell operates through Electrical Solutions and Utility Solutions segments.
The industrial major has slightly lagged behind the broader market over the past year and in 2025. HUBB stock has gained 14.9% over the past 52 weeks and 5.6% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 15.1% gains over the past year and 9.9% surge in 2025.
Narrowing the focus, Hubbell has also lagged behind the sector-focused Industrial Select Sector SPDR Fund’s (XLI) 18.6% gains over the past 52 weeks and 16.3% surge on a YTD basis.
Hubbell’s stock prices declined 2.5% in the trading session following the release of its mixed Q2 results on Jul. 29. Driven by the demand for substation and transmission products and the growing strength of datacenter markets, the company’s organic sales from both its segments observed notable growth. However, its overall net sales inched up by a much more modest 2.2% year-over-year to $1.5 billion, missing the Street expectations by 1.4%. Nevertheless, its adjusted EPS for the quarter surged by a much more impressive 11% year-over-year to $4.93, exceeding the consensus estimates by 13.1%.
For the full fiscal 2025, ending in December, analysts expect Hubbell to deliver an adjusted EPS of $17.87, up 7.9% year-over-year. The company has a mixed earnings surprise history overall. While it surpassed the Street’s bottom-line projections thrice over the past four quarters, it missed the estimates on one other occasion.
The stock has a consensus “Moderate Buy” rating overall. Of the 12 analysts covering the HUBB stock, opinions include four “Strong Buys” and eight “Holds.”
This configuration has remained stable in recent months.
On Aug. 1, Barclays (BCS) analyst Julian Mitchell reiterated an “Equal-Weight” rating on HUBB and raised the price target from $420 to $431.
As of writing, Hubbell’s mean price target of $460.67 represents a modest 4.1% premium to current price levels. Meanwhile, the street-high target of $511 suggests a 15.5% upside potential.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.