Shares of Hubbell Inc (NYSE:HUBB) traded at a new 52-week high today of $202.95. This new high was reached on below average trading volume as 54,000 shares traded hands, while the average 30-day volume is approximately 220,000 shares.
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.
Hubbell Inc share prices have moved between a 52-week high of $202.95 and a 52-week low of $131.09 and are now trading 55% above that low price at $202.55 per share.
Hubbell Inc (NYSE:HUBB) defies analysts with a current price ($202.55) 2.9% above its average consensus price target of $196.76.
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