China Yuchai International (NYSE:CYD) Hits New 1-Year High - Time to Buy?

Key Points

• China Yuchai International's stock has reached a new 52-week high, trading at $32.80 after previously closing at $31.27, with a notable trading volume of 170,814 shares.
• Analysts, including Zacks Research, have upgraded the stock's rating to "strong buy," indicating positive growth expectations, with a consensus rating of "buy" across analysts.
• The company has increased its annual dividend to $0.53 per share, marking a significant yield of 430.0% and reflecting a positive trend compared to the previous annual dividend of $0.38.

China Yuchai International Limited (NYSE:CYD - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $33.20 and last traded at $32.80, with a volume of 170814 shares changing hands. The stock had previously closed at $31.27.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CYD shares. Zacks Research raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wall Street Zen raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy".

China Yuchai International Trading Up 1.2%

The firm has a market capitalization of $1.25 billion, a P/E ratio of 20.60 and a beta of 1.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55. The firm has a 50 day moving average price of $25.84 and a two-hundred day moving average price of $20.45.

China Yuchai International Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a $0.53 dividend. This represents a dividend yield of 430.0%. 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. China Yuchai International's payout ratio is 32.72%.

Institutional Trading of China Yuchai International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ariose Capital Management Ltd acquired a new stake in shares of China Yuchai International in the first quarter worth $3,383,000. Pinpoint Asset Management Ltd purchased a new stake in shares of China Yuchai International during the first quarter worth $3,382,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of China Yuchai International during the second quarter worth $4,759,000. Lighthouse Investment Partners LLC purchased a new stake in shares of China Yuchai International during the second quarter worth $4,307,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of China Yuchai International by 70.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company's stock worth $3,249,000 after acquiring an additional 56,085 shares in the last quarter.

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.