Hubbell Incorporated (HUBB) is making considerable strides in the market through innovation and sound financial strategies. The corporation recently announced LineDefender Recloser, showcasing a commitment to power safety innovation. Its shares rose by 2% as a result. Hubbell also unveiled a $500M Share Repurchase program amidst an ongoing $260M program - indicative of a robust capital return strategy.
The company has secured a new $1 billion credit facility and according to Goldman Sachs, it stands as an undervalued stock with potential. Despite relatively fair valuations and a lack of immediate short-term upside, financial experts posit that Hubbell can sustainably manage its debt. The confidence is further bolstered by the company’s Q4 2024 earnings release and a projected larger dividend payout than last year at $1.32. Hubbell’s financial stability seems to manifest in it outperforming other industrial products stocks this year.
However, its Q4 sales fell below analyst estimates, with revenue reported as disappointing. Albeit this, the earnings per share (EPS) of $3.64 beat estimates. There have also been insider sales that suggest some hesitancy around the corporation’s shares. Despite a few setbacks, Hubbell is nonetheless thriving - it's performance overall surpasses that of the industrial sector.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Thu, 27 Mar 2025 10:25:43 GMT -
