China Yuchai International (NYSE:CYD) Reaches New 1-Year High - Here's Why

Key Points

• China Yuchai International reached a new 52-week high at $26.50 during mid-day trading, closing at $25.55, up 9.2% from the previous close.
• The company has recently announced an increase in its annual dividend to $0.53 per share, offering a very high yield of 430.0%.
• Multiple institutional investors, including E Fund Management and Goldman Sachs, have recently entered positions in China Yuchai International, indicating growing interest from larger funds.

China Yuchai International Limited (NYSE:CYD - ) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.50 and last traded at $25.55, with a volume of 468894 shares. The stock had previously closed at $23.62.

China Yuchai International Stock Up 9.2%

The stock has a market capitalization of $967.64 million, a PE ratio of 15.92 and a beta of 1.07. The firm's fifty day moving average is $22.17 and its 200-day moving average is $18.22. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

China Yuchai International Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, July 7th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.53 per share. The ex-dividend date was Wednesday, June 25th. This is an increase from China Yuchai International's previous annual dividend of $0.38. This represents a yield of 430.0%. China Yuchai International's dividend payout ratio (DPR) is currently 32.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYD. E Fund Management Hong Kong Co. Ltd. acquired a new position in China Yuchai International during the second quarter worth about $144,000. Nomura Holdings Inc. acquired a new position in China Yuchai International during the fourth quarter worth about $191,000. Trexquant Investment LP acquired a new position in China Yuchai International during the first quarter worth about $258,000. Public Employees Retirement System of Ohio grew its position in China Yuchai International by 136.0% during the second 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 period. Finally, Goldman Sachs Group Inc. acquired a new position in China Yuchai International during the first quarter worth about $422,000.

About China Yuchai International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.