I thought Hubbell (HUBB) was appropriately priced back in December, and the shares have since basically tracked the larger industrial group, with quasi-comparables like Eaton (ETN) and Schneider (OTCPK:SBGSY) doing better and ABB (ABB) doing worse (I say quasi-comparables as these are large, diversified multi-industrials), while nVent (NVT) also performed worse.
Hubbell is an intriguing mix of good near-term opportunities and significant near-term challenges. I’m not bullish on the prospects for non-resi construction or oil/gas through 2022 (around 40% to 45% of the mix),