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Hyster-Yale Materials Handling (HY) Stock Price, News & Analysis

Hyster-Yale Materials Handling logo
$56.24 +0.37 (+0.66%)
(As of 11/29/2024 ET)

About Hyster-Yale Materials Handling Stock (NYSE:HY)

Key Stats

Today's Range
$55.83
$56.90
50-Day Range
$52.78
$68.77
52-Week Range
$47.05
$84.44
Volume
42,614 shs
Average Volume
99,692 shs
Market Capitalization
$984.76 million
P/E Ratio
6.31
Dividend Yield
2.49%
Price Target
$80.00
Consensus Rating
Moderate Buy

Company Overview

Hyster-Yale, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, it produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, the company designs, manufactures, and sells hydrogen fuel-cell stacks and engines. It serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. The company was formerly known as Hyster-Yale Materials Handling, Inc. and changed its name to Hyster-Yale, Inc. in June 2024. Hyster-Yale, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.

Hyster-Yale Materials Handling Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
89th Percentile Overall Score

HY MarketRank™: 

Hyster-Yale Materials Handling scored higher than 89% of companies evaluated by MarketBeat, and ranked 28th out of 181 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Hyster-Yale Materials Handling has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Hyster-Yale Materials Handling has only been the subject of 1 research reports in the past 90 days.

  • Read more about Hyster-Yale Materials Handling's stock forecast and price target.
  • Earnings Growth

    Earnings for Hyster-Yale Materials Handling are expected to decrease by -39.10% in the coming year, from $8.85 to $5.39 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Hyster-Yale Materials Handling is 6.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.77.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hyster-Yale Materials Handling is 6.31, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.11.

  • Price to Book Value per Share Ratio

    Hyster-Yale Materials Handling has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Hyster-Yale Materials Handling's valuation and earnings.
  • Percentage of Shares Shorted

    5.90% of the float of Hyster-Yale Materials Handling has been sold short.
  • Short Interest Ratio / Days to Cover

    Hyster-Yale Materials Handling has a short interest ratio ("days to cover") of 7.3.
  • Change versus previous month

    Short interest in Hyster-Yale Materials Handling has recently decreased by 18.41%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Hyster-Yale Materials Handling pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Hyster-Yale Materials Handling has been increasing its dividend for 13 years.

  • Dividend Coverage

    The dividend payout ratio of Hyster-Yale Materials Handling is 15.71%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Hyster-Yale Materials Handling will have a dividend payout ratio of 25.97% next year. This indicates that Hyster-Yale Materials Handling will be able to sustain or increase its dividend.

  • Read more about Hyster-Yale Materials Handling's dividend.
  • Percentage of Shares Shorted

    5.90% of the float of Hyster-Yale Materials Handling has been sold short.
  • Short Interest Ratio / Days to Cover

    Hyster-Yale Materials Handling has a short interest ratio ("days to cover") of 7.3.
  • Change versus previous month

    Short interest in Hyster-Yale Materials Handling has recently decreased by 18.41%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Hyster-Yale Materials Handling has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Hyster-Yale Materials Handling this week, compared to 3 articles on an average week.
  • Search Interest

    7 people have searched for HY on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Hyster-Yale Materials Handling to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Hyster-Yale Materials Handling insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    33.93% of the stock of Hyster-Yale Materials Handling is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    46.47% of the stock of Hyster-Yale Materials Handling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Hyster-Yale Materials Handling's insider trading history.
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HY Stock News Headlines

Three Reasons Why HY is Risky and One Stock to Buy Instead
Hyster-Yale Materials announces stock repurchase program
2025 AI Stock Picks: 2 Hidden Gems Under $10/Share
The AI sector continues to make waves as we move into 2025, and now is a prime opportunity to get involved—without stretching your budget! We’ve just uncovered 2 promising AI stocks trading for under $10/share, and they’re positioned for impressive growth in the coming months.
Hyster-Yale Expands Board with New Appointment
See More Headlines

HY Stock Analysis - Frequently Asked Questions

Hyster-Yale Materials Handling's stock was trading at $62.19 at the beginning of 2024. Since then, HY shares have decreased by 9.6% and is now trading at $56.24.
View the best growth stocks for 2024 here
.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) posted its earnings results on Tuesday, November, 5th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by $1.00. The industrial products company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 3.68% and a trailing twelve-month return on equity of 34.77%.

Hyster-Yale Materials Handling's board authorized a stock buyback plan on Monday, November 18th 2024, which authorizes the company to buy back $50,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 5.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Hyster-Yale Materials Handling subsidiaries include these companies: Maximal Forklift (Zhejiang) Co. Ltd., Bolzoni S.p.A., Nuvera Fuel Cells LLC., Auramo OY, Bolzoni Auramo AB, Bolzoni Auramo B.V., Bolzoni Auramo Canada Ltd., and more.

Hyster-Yale Materials Handling's top institutional investors include State Street Corp (1.83%), Geode Capital Management LLC (1.46%), Jacobs Levy Equity Management Inc. (0.68%) and Charles Schwab Investment Management Inc. (0.66%). Insiders that own company stock include Frank F Taplin and Martha S Kelly.
View institutional ownership trends
.

Shares of HY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Hyster-Yale Materials Handling investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

Ex-Dividend for 9/13 Dividend
8/30/2024
Dividend Payable
9/13/2024
Last Earnings
11/05/2024
Ex-Dividend for 12/13 Dividend
11/29/2024
Today
11/30/2024
Dividend Payable
12/13/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/25/2025

Industry, Sector and Symbol

Industry
Industrial trucks & tractors
Sub-Industry
Industrial Machinery
CUSIP
44917210
Employees
8,600
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$80.00
High Stock Price Target
$90.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+42.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$125.90 million
Pretax Margin
5.55%

Debt

Sales & Book Value

Annual Sales
$4.12 billion
Cash Flow
$10.04 per share
Book Value
$30.50 per share

Miscellaneous

Free Float
11,568,000
Market Cap
$984.76 million
Optionable
Optionable
Beta
1.32

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This page (NYSE:HY) was last updated on 12/1/2024 by MarketBeat.com Staff
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