Hyster-Yale (NYSE:HY) Reaches New 52-Week High - Time to Buy?

Key Points

• Hyster-Yale shares reached a new 52-week high, trading as high as $41.30 and rising about 15%, after the company reported a narrower-than-expected second-quarter loss and revenue that topped forecasts.
• Bookings increased 17% sequentially to $680 million, suggesting improving demand and shipments, while management outlined a long-term goal of approximately 7% operating profit.
• Profitability remains a concern: revenue declined 15% year over year, the company posted an $18.4 million operating loss, and it expects a moderate operating loss for 2026. Analysts’ average rating is “Hold,” with a $45 price target.

Shares of Hyster-Yale, Inc. (NYSE:HY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $41.30 and last traded at $40.3830, with a volume of 374800 shares traded. The stock had previously closed at $35.13.

Trending Headlines about Hyster-Yale

Here are the key news stories impacting Hyster-Yale this week:

• Positive Sentiment: Q2 loss was narrower than expected. Hyster-Yale reported a loss of $1.64 per share, beating consensus estimates for a loss of approximately $2.05–$2.20 per share. Revenue of $812.9 million also exceeded analysts’ $804.6 million forecast. Hyster-Yale Q2 earnings report
• Positive Sentiment: Orders continued to strengthen. Second-quarter bookings reached $680 million, up 17% sequentially and roughly double the year-earlier level. The company said stronger bookings are beginning to translate into higher shipments, while its operating loss narrowed sequentially and operating cash flow improved. Hyster-Yale second-quarter 2026 results
• Positive Sentiment: Management outlined a path toward stronger profitability. Hyster-Yale signaled a long-term operating-profit objective of approximately 7%, supported by improving demand, higher shipments and operational initiatives. Hyster-Yale operating profit objective
• Neutral Sentiment: The company updated its investor presentation and released additional historical data through Regulation FD filings, providing investors with more information about its financial and operating trends. Hyster-Yale investor presentation update
• Negative Sentiment: Profitability remains weak. Second-quarter revenue fell 15% from a year earlier to $812.9 million, the company posted an $18.4 million operating loss, and management still expects a moderate operating loss for 2026. A non-cash valuation allowance related to Brazil also affected reported results. Hyster-Yale Q2 earnings call transcript

Wall Street Analysts Forecast Growth

Several research firms recently commented on HY. Wall Street Zen cut shares of Hyster-Yale from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Zacks Research raised Hyster-Yale from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Hyster-Yale in a report on Monday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $45.00.

Hyster-Yale Stock Up 15.0%

The company has a market capitalization of $723.50 million, a P/E ratio of -6.16 and a beta of 1.62. The firm's 50 day moving average price is $34.70 and its two-hundred day moving average price is $35.11. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 0.58.

Hyster-Yale (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.20) by $0.56. Hyster-Yale had a negative net margin of 3.33% and a negative return on equity of 20.06%. The company had revenue of $812.90 million for the quarter, compared to the consensus estimate of $804.62 million. Equities research analysts forecast that Hyster-Yale, Inc. will post -2.75 EPS for the current year.

Hyster-Yale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, June 1st. This is an increase from Hyster-Yale's previous quarterly dividend of $0.36. Hyster-Yale's dividend payout ratio (DPR) is presently -22.26%.

Hedge Funds Weigh In On Hyster-Yale

Large investors have recently modified their holdings of the business. Amundi boosted its holdings in shares of Hyster-Yale by 3.8% during the fourth quarter. Amundi now owns 9,013 shares of the industrial products company's stock worth $268,000 after acquiring an additional 334 shares during the period. Legal & General Group Plc increased its stake in shares of Hyster-Yale by 7.6% during the second quarter. Legal & General Group Plc now owns 9,284 shares of the industrial products company's stock worth $369,000 after purchasing an additional 654 shares during the period. Parvin Asset Management LLC lifted its holdings in Hyster-Yale by 10.3% during the 1st quarter. Parvin Asset Management LLC now owns 8,870 shares of the industrial products company's stock worth $288,000 after purchasing an additional 825 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Hyster-Yale during the 1st quarter worth approximately $33,000. Finally, Intech Investment Management LLC boosted its stake in Hyster-Yale by 19.2% in the 3rd quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 1,036 shares during the period. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Company Profile

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company's product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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