Hubbell Incorporated (HUBB) announced a massive new $500 million stock repurchase program, stirring confidence in the market. The announcement affirms the bullish case theory while the previous $260M capital retrun program is still active, boosting HUBB as a potential investment option in the market. Market valuation of HUBB appears fairly valued with no immediate short-term upside. Abdrn plc's $91.98 million stock holdings in HUBB was disclosed alongside an impressive Q4 2024 earnings call, further bolstering confidence in the investment. As HUBB declares new share repurchase programs and rolls out an ambitious growth target for 2025, Wall Street remains optimistic about the chances of HUBB outperforming estimates in the coming quarters. Jim Cramer was noted advising a purchase of HUBB industrial stock before possible interest rate cuts. However, the company's revenues were reported to disappoint despite the robust Q4 margins. The market now closely observes Hubbell's actions, with insider sales suggesting hesitancy. Despite a revenue miss, profitability remained strong in Q4 2024 earnings.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Thu, 20 Feb 2025 08:44:37 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 2
