The electronic products company reported fourth-quarter earnings of $70.5 million, or $1.17 a share, on Jan. 26. This performance topped year-ago fourth-quarter earnings of $50.2 million, or 81 cents a share."We believe we are in the early stages of a multi-year grid transformation cycle and with the company's solid position in transmission and distribution equipment, we expect this segment could experience accelerating growth over the next couple of years," JMP Securities analysts wrote in a Jan. 27 report. Shares of Hubbell hit a 52-week high Tuesday of $74.95. The stock's 52-week low of $46.81 was set on Oct. 4. Hubbell has a forward P/E of 13.65X The average among electrical components companies is 19.54X. Avnet (AVT) has a lower forward P/E of 7.94X. Seven of the 10 analysts who cover Hubbell rated it a buy. Three analysts consider it a hold. TheStreet Ratings gives Hubbell an A- grade and has a $84.56 price target on the shares. The stock has increased 11.37% year to date.
Valspar The paint and coatings company is scheduled to report its fiscal first-quarter results on Feb. 14. Analysts, on average, anticipate earnings of 48 cents a share on revenue of $906.35 million. "New product wins, stabilizing raw material costs and higher pricing should be the positive headlines for VAL starting out FY12," KeyBanc Capital Markets analysts wrote in Jan. 18 report. "Pricing is quickly catching up to costs and the Company's margins should improve even in a low growth to possibly slightly down volume environment when it reports 1Q12 results." Shares of Valspar hit a 52-week high on Tuesday of $44.48. The stock's 52-week low of $27.44 was set on Aug. 8. Valspar has a forward P/E of 13.09X. The average among building materials and fixtures companies is 40.85X. Lennox International (LII) has a lower forward P/E of 12.75X. Of the 13 analysts who cover Valspar, eight rated the company a hold. Five analysts consider it a buy. TheStreet Ratings gives Valspar a B- grade and has a $50.02 price target on the shares. The stock has risen 13.45% year to date.
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