Shares of Hubbell Inc (NYSE:HUBB) traded today at $209.65, eclipsing its 52-week high. Approximately 110,000 shares have changed hands today, as compared to an average 30-day volume of 224,000 shares.
Based on a current price of $208.33, Hubbell Inc is currently 2.8% above its average consensus analyst price target of $202.54.
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.
In the past 52 weeks, Hubbell Inc share prices are bracketed by a low of $131.09 and a high of $209.65 and is now at $208.33, 59% above that low price.
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