Shares of Hubbell Inc (NYSE:HUBB) traded today at $227.58, eclipsing its 52-week high. This new high was reached on below average trading volume as 62,000 shares traded hands, while the average 30-day volume is approximately 292,000 shares.
Hubbell Inc (NYSE:HUBB) is currently priced 25.8% above its average consensus analyst price target of $168.17.
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.
Over the past year, Hubbell Inc has traded in a range of $170.21 to $227.58 and is now at $226.71, 33% above that low.
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