China Yuchai International (NYSE:CYD) Hits New 52-Week High on Analyst Upgrade

Key Points

• China Yuchai International shares reached a new 52-week high at $32.23 during trading, marking a notable increase from its previous close of $28.87.
• Wall Street Zen upgraded the stock's rating from "hold" to "strong-buy", indicating increased confidence in its performance.
• The company declared an annual dividend of $0.53 per share, reflecting a significant increase from last year's $0.38, which corresponds to a dividend yield of 430.0%.

China Yuchai International Limited (NYSE:CYD - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $32.23 and last traded at $31.93, with a volume of 73474 shares. The stock had previously closed at $28.87.

Separately, Wall Street Zen upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, China Yuchai International currently has an average rating of "Buy".

Institutional Investors Weigh In On China Yuchai International

Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in shares of China Yuchai International during the 2nd quarter worth $48,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of China Yuchai International during the 2nd quarter worth $144,000. E Fund Management Co. Ltd. acquired a new position in shares of China Yuchai International during the 2nd quarter worth $206,000. Public Employees Retirement System of Ohio raised its stake in shares of China Yuchai International by 136.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company's stock worth $397,000 after buying an additional 9,572 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of China Yuchai International by 42.2% during the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company's stock worth $450,000 after buying an additional 14,030 shares during the last quarter.

China Yuchai International Stock Up 1.1%

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $24.76 and a 200-day moving average price of $19.71.

China Yuchai International Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.53 per share. This is a boost from China Yuchai International's previous annual dividend of $0.38. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a dividend yield of 430.0%. China Yuchai International's dividend payout ratio is presently 32.72%.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.