Valued at a market cap of $20.8 billion, Hubbell Incorporated (HUBB)  is a global manufacturer of electrical products and utility solutions for a range of customer and end market applications. The company operates through two segments: Electrical Solutions and Utility Solutions.

Shares of Hubbell have underperformed the broader market over the past 52 weeks. HUBB has dropped 2.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.2%. Moreover, shares of HUBB are down 6.8% on a YTD basis, compared to SPX’s 1.3% drop.

Looking closer, Shelton, Connecticut-based company has also lagged behind the Industrial Select Sector SPDR Fund’s (XLI) 13.7% return over the past year and 6.9% rise on a YTD basis. 

Hubbell stock fell 5.5% following the release of its disappointing Q1 2025 results on May 1. The company reported net sales of $1.4 billion, reflecting a 2.4% year-over-year decline, primarily due to weakness in its Utility segment. Its adjusted operating income decreased 4.1% from the prior-year quarter to $263.9 million, with an adjusted operating margin of 19.3%. Adjusted EPS came in at $3.50, down 2.8% year-over-year, falling short of Wall Street expectations.

Looking ahead to fiscal 2025, Hubbell expects total sales and organic net sales growth in the range of 6% to 8%, with adjusted EPS projected between $17.35 and $17.85.

For the current fiscal year, ending in December 2025, analysts expect HUBB’s adjusted EPS to increase 5.1% year-over-year to $17.41. The company's earnings surprise history is mixed. It beat the consensus estimates in three of the past four quarters while missing on another occasion.

Among the 11 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on four “Strong Buy” ratings and seven “Holds.”

On May 16, JP Morgan analyst Stephen Tusa raised HUBB’s price target to $417 while maintaining a “Neutral” rating. 

As of writing, Hubbell is trading below the mean price target of $422.67. The Street-high price target of $450 implies a potential upside of 15.2% from the current price levels.