Shares of Hubbell Inc (HUBB) Exceed 52-Week High

IBN Spotlights
Wednesday, September 21, 2022 at 7:04pm UTC

Hubbell Inc (NYSE:HUBB) traded today at a new 52-week high of $232.47. This new high was reached on above average trading volume as 600,000 shares traded hands, while the average 30-day volume is approximately 333,000 shares.

Hubbell Inc share prices have moved between a 52-week high of $232.47 and a 52-week low of $170.21 and are now trading 36% above that low price at $231.06 per share.

Hubbell Inc (NYSE:HUBB) is currently priced 26.3% above its average consensus analyst price target of $170.35.

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– the electrical solutions segment and the utility solutions segment. 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.

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