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Hubbell Inc - Stock Quote HUBB

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Morningstar's Hubbell Inc Stock Analysis

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Hubbell Performing a Little Better Than Our Prior Bullish Assessment; We Raise FVE to $206

Joshua Aguilar Senior Analyst

Analyst Note

| Joshua Aguilar |

After reviewing narrow-moat-rated Hubbell’s first-quarter results, we raise our fair value estimate to $206, primarily due to time value of money, though we did lift our full-year revenue assumptions by just over $100 million on Hubbell’s ability to successfully pass on raw material headwinds to customers through pricing (price versus raw cost was positive for Hubbell through both its businesses). On the heels of near-term outperformance, management raised the midpoint of its adjusted EPS guide by USD 0.20 to $9.20, and the midpoint of its organic sales guide by 2% to 11% for the full year.

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Hubbell Inc's Company Profile

Business Description

Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments--electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.

40 Waterview Drive
Shelton, CT, 06484
T +1 475 882-4000
Sector Industrials
Industry Electrical Equipment & Parts
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 18,300