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Hubbell B
(NYSE:HUBB)
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Rating:78Outperform
Price Target:
$568.00
â–²(14.07% Upside)
Action:Reiterated
Date:07/28/26
The score is driven primarily by strong financial profitability and a very constructive earnings update (raised 2026 sales, margin and EPS outlook with clear synergy targets). Offsetting factors are higher leverage and softened TTM free-cash-flow momentum, alongside a premium valuation; technicals are supportive but lack confirmation from missing momentum indicators.
Positive Factors
Margin expansion & strong profitability
Hubbell has delivered sustained margin expansion and high operating profitability over multiple years, indicating durable pricing power, scalable manufacturing and productivity gains. Higher structural margins support resilient cash flow and reinvestment capacity even if revenue growth moderates.
Negative Factors
Higher leverage and rising interest expense
The step-up in leverage and material added interest expense reduce financial flexibility and increase sensitivity to slower cash flow or rate moves. Higher fixed financing costs constrain free cash available for buybacks, M&A or aggressive capex until deleveraging targets are achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion & strong profitability
Hubbell has delivered sustained margin expansion and high operating profitability over multiple years, indicating durable pricing power, scalable manufacturing and productivity gains. Higher structural margins support resilient cash flow and reinvestment capacity even if revenue growth moderates.
Read all positive factors
Hubbell B Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Highlights segment-level operating results to reveal which businesses are profitable on an operating basis and which require restructuring, price changes, or cost control to improve returns.
Highlights segment-level operating results to reveal which businesses are profitable on an operating basis and which require restructuring, price changes, or cost control to improve returns.
Data provided by:
The Fly
The FlyHubbell B (HUBB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.97B
Dividend Yield1.18%
Average Volume (3M)526.37K
Price to Earnings (P/E)27.9
Beta (1Y)1.07
Revenue Growth10.61%
EPS Growth9.52%
CountryUS
Employees18,200
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)16.95
Shares Outstanding52,832,570
10 Day Avg. Volume436,144
30 Day Avg. Volume526,369
Financial Highlights & Ratios
PEG Ratio1.78
Price to Book (P/B)6.14
Price to Sales (P/S)4.04
P/FCF Ratio27.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$556.00Price Target Upside11.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)20.35
Revenue Forecast (FY)$6.79B
Hubbell B Business Overview & Revenue Model
Company Description
Hubbell, Inc. engages in the designing, manufacturing, and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates through the Electrical Solutions and Utility ...
How the Company Makes Money
Hubbell makes money primarily by manufacturing and selling electrical and utility infrastructure products and related solutions. Revenue is generated from product sales into two broad areas: (1) utility-focused offerings used by electric utilities...
Hubbell B Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call was bullish overall: management reported broad-based double-digit top-line growth, double-digit gains in adjusted operating profit and EPS, strong performance in data center and utility markets, and closed an accretive $3.0B acquisition (NSI) with synergy targets and clear deleveraging plans. Management raised full-year guidance for sales, margins and EPS, and highlighted continued pricing, productivity and capacity investments to capture sustained end-market demand. Near-term headwinds include elevated restructuring and integration costs, higher interest expense from acquisition financing (pro forma leverage ~2.9x), cost inflation and some timing-driven cash flow and margin volatility (IEPA/tariff timing, Q3 tax rate), but these were presented as manageable and largely offset by operational actions and a constructive order book (Utility book-to-bill ~1.2x). Given the predominance of positive operational and financial momentum and the raised guidance, the overall tone is confident and constructive.Positive Updates
Strong Quarterly Top-Line Growth
Net sales of $1.712 billion in Q2 2026, up 15% year-over-year, with organic growth of 10% (Utility Solutions +6% organic, Electrical Solutions +18% organic). Acquisitions contributed ~5 percentage points to growth.
Negative Updates
Electrical Solutions Margin Pressure
Electrical Solutions adjusted operating margin of 21.2% in Q2, down 130 basis points year-over-year, partly due to ~60 basis points of higher restructuring investment and higher cost inflation.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Quarterly Top-Line Growth
Net sales of $1.712 billion in Q2 2026, up 15% year-over-year, with organic growth of 10% (Utility Solutions +6% organic, Electrical Solutions +18% organic). Acquisitions contributed ~5 percentage points to growth.
Read all positive updates
Company Guidance
Hubbell raised its full‑year 2026 outlook, increasing expected net sales growth to about 16%–18% (up from roughly 8%–11%) with organic sales now guided to 9%–11% (Utility Solutions 7%–9%; Electrical Solutions 12%–14%; data center ~50% for the year); acquisitions (including NSI) are expected to contribute roughly +5 points to growth and NSI is projected to add ~ $0.20 to adjusted EPS in 2026 and ~$0.80 in 2027. Management now targets adjusted operating margins of 23.1%–23.4% (a 40–70 bps expansion) and roughly 20% adjusted operating profit growth at the midpoint, has raised adjusted EPS to $20.25–$20.55 (about 11%–13% Y/Y at the midpoint), expects ~90% free cash flow conversion to adjusted net income, plans $175–190M of CapEx for the year, anticipates ~2%–3% sales synergies and ~3%–5% cost synergies from NSI over three years, and notes a ~$170M increase in net interest expense after financing the $3.0B purchase (pro forma leverage ~2.9x net debt/EBITDA).Hubbell B Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.22B | 5.84B | 5.63B | 5.37B | 4.95B | 4.19B |
| Gross Profit | 2.19B | 2.07B | 1.90B | 1.89B | 1.47B | 1.15B |
| EBITDA | 1.47B | 1.34B | 1.29B | 1.17B | 855.10M | 663.10M |
| Net Income | 901.90M | 887.10M | 777.80M | 759.80M | 545.90M | 399.50M |
Balance Sheet | ||||||
| Total Assets | 11.85B | 8.23B | 6.68B | 6.91B | 5.40B | 5.28B |
| Cash, Cash Equivalents and Short-Term Investments | 394.70M | 497.90M | 345.00M | 348.70M | 454.80M | 295.60M |
| Total Debt | 5.37B | 2.61B | 1.72B | 2.29B | 1.56B | 1.53B |
| Total Liabilities | 7.92B | 4.37B | 3.40B | 4.02B | 3.03B | 3.04B |
| Stockholders Equity | 3.92B | 3.85B | 3.27B | 2.88B | 2.36B | 2.23B |
Cash Flow | ||||||
| Free Cash Flow | 901.40M | 874.70M | 810.80M | 715.10M | 453.90M | 453.60M |
| Operating Cash Flow | 1.07B | 1.03B | 991.20M | 880.80M | 583.20M | 543.80M |
| Investing Cash Flow | -4.04B | -1.09B | -59.10M | -1.38B | 16.40M | -77.80M |
| Financing Cash Flow | 2.97B | 203.60M | -923.40M | 388.50M | -437.10M | -433.00M |
Hubbell B Technical Analysis
Positive
497.96
Price Trends
489.63
Positive
496.31
Positive
480.06
Positive
Market Momentum
-0.21
Negative
59.75
Neutral
78.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HUBB, the sentiment is Positive. The current price of 497.96 is above the 20-day moving average (MA) of 484.24, above the 50-day MA of 489.63, and above the 200-day MA of 480.06, indicating a bullish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 59.75 is Neutral, neither overbought nor oversold. The STOCH value of 78.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HUBB.
Hubbell B Risk Analysis
Hubbell B disclosed 25 risk factors in its most recent earnings report. Hubbell B reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hubbell B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $24.97B | 27.88 | 23.65% | 1.12% | 10.61% | 9.52% | |
76 Outperform | $9.83B | 21.26 | 16.85% | 0.23% | 10.50% | 18.92% | |
73 Outperform | $6.78B | 23.73 | 15.60% | 0.55% | 3.70% | -14.17% | |
72 Outperform | $24.88B | 41.69 | 13.36% | 0.55% | 46.19% | 3.13% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $11.01B | 57.22 | 15.89% | 0.13% | 22.19% | 157.87% | |
56 Neutral | $2.46B | -20.32 | -12.14% | 1.72% | -3.36% | -168.34% |
* Industrials Sector Average
HUBB
Hubbell B
513.58
95.06
22.71%
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ATKR
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93.68
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NVT
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162.04
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80.77%
Hubbell B Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Hubbell Completes NSI Acquisition, Expands Electrical Solutions Portfolio
Positive
Jun 9, 2026
On June 9, 2026, Hubbell completed its acquisition of NSI Industries, a Huntersville, N.C.-based manufacturer and supplier of more than 15,000 branded electrical fittings, connectors, components and wire management products sold through over 2,000...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Hubbell Issues Senior Notes to Fund NSI Acquisition
Positive
Jun 8, 2026
On June 2, 2026, Hubbell Incorporated entered into an underwriting agreement with a syndicate led by J.P. Morgan Securities, BofA Securities and HSBC Securities for a public offering of $1.9 billion of unsecured senior notes maturing in 2031, 2033...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Hubbell Secures $900 Million Term Loan for NSI Acquisition
Positive
May 15, 2026
On May 15, 2026, Hubbell entered into a $900 million unsecured term loan agreement with a syndicate of lenders led by JPMorgan Chase Bank to fund the NSI Acquisition, refinance NSI’s existing debt, and cover related transaction costs. The th...
Executive/Board ChangesShareholder Meetings
Hubbell Shareholders Approve Directors, Pay and Auditor Slate
Positive
May 6, 2026
On May 5, 2026, Hubbell Incorporated shareholders voted on board membership, executive compensation and auditor ratification at the company’s 2026 annual meeting. Investors elected eleven directors to serve until the 2027 annual meeting, wit...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Hubbell to Acquire NSI Industries in Cash Deal
Positive
May 4, 2026
On May 1, 2026, Hubbell entered into a definitive agreement to acquire NSI Industries for $3.0 billion in cash, valuing the target at roughly 15.5 times anticipated 2026 EBITDA. The deal, announced on May 4, 2026, will be financed with a mix of ca...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.