China Yuchai International (NYSE:CYD) Reaches New 52-Week High - Time to Buy?

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.

Shares of China Yuchai International Limited (NYSE:CYD - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company 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 Trading Up 0.7%

The firm has a market capitalization of $1.09 billion, a P/E ratio of 18.03 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 stock has a 50-day simple moving average of $22.57 and a two-hundred day simple moving average of $18.53.

China Yuchai International Increases Dividend

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

Institutional Investors Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently made changes to their positions in CYD. E Fund Management Hong Kong Co. Ltd. purchased a new position in China Yuchai International in the second quarter valued at $144,000. Nomura Holdings Inc. acquired a new position in shares of China Yuchai International during the 4th quarter worth approximately $191,000. Trexquant Investment LP acquired a new stake in shares of China Yuchai International during the 1st quarter worth $258,000. Public Employees Retirement System of Ohio increased its stake 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 acquiring an additional 9,572 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in China Yuchai International in the 1st quarter valued at $422,000.

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.