Hyster-Yale Materials Handling (NYSE:HY) Lowered to "Hold" at Northland Capmk

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) was downgraded by research analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating in a report released on Friday, Zacks.com reports. Northland Capmk also issued estimates for Hyster-Yale Materials Handling's Q1 2025 earnings at $1.84 EPS and Q1 2026 earnings at $2.02 EPS.

Several other equities research analysts have also recently commented on the company. TheStreet cut Hyster-Yale Materials Handling from a "b-" rating to a "c" rating in a research note on Monday, March 4th. StockNews.com lowered shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 28th. Northland Securities reiterated a "market perform" rating and set a $90.00 price target (up previously from $80.00) on shares of Hyster-Yale Materials Handling in a research report on Friday. Finally, Roth Mkm restated a "buy" rating and issued a $87.00 price objective (up from $85.00) on shares of Hyster-Yale Materials Handling in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Hyster-Yale Materials Handling Price Performance

Shares of HY traded up $2.37 during trading hours on Friday, hitting $76.09. The stock had a trading volume of 147,515 shares, compared to its average volume of 105,776. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 8.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.25 and a quick ratio of 0.56. The company's fifty day moving average is $62.15 and its two-hundred day moving average is $59.64. Hyster-Yale Materials Handling has a 52 week low of $38.50 and a 52 week high of $79.66.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its earnings results on Tuesday, February 27th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). Hyster-Yale Materials Handling had a return on equity of 42.94% and a net margin of 3.61%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts anticipate that Hyster-Yale Materials Handling will post 7.68 EPS for the current year.

Insider Transactions at Hyster-Yale Materials Handling

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 11,720 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of the transaction, the insider now directly owns 367,152 shares in the company, valued at $21,331,531.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Frank F. Taplin sold 5,000 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the completion of the sale, the insider now directly owns 378,872 shares in the company, valued at approximately $22,220,842.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the transaction, the insider now owns 367,152 shares of the company's stock, valued at approximately $21,331,531.20. The disclosure for this sale can be found here. Company insiders own 33.93% of the company's stock.

Institutional Trading of Hyster-Yale Materials Handling

Several hedge funds and other institutional investors have recently modified their holdings of HY. FMR LLC grew its holdings in Hyster-Yale Materials Handling by 60.6% in the 3rd quarter. FMR LLC now owns 589,093 shares of the industrial products company's stock valued at $26,262,000 after buying an additional 222,340 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Hyster-Yale Materials Handling by 92,150.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 92,250 shares of the industrial products company's stock valued at $5,737,000 after acquiring an additional 92,150 shares in the last quarter. Valueworks LLC raised its stake in Hyster-Yale Materials Handling by 74.9% in the 3rd quarter. Valueworks LLC now owns 210,980 shares of the industrial products company's stock worth $9,405,000 after purchasing an additional 90,355 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Hyster-Yale Materials Handling by 29.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 287,698 shares of the industrial products company's stock worth $18,462,000 after purchasing an additional 65,708 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Hyster-Yale Materials Handling by 77.2% in the 1st quarter. Acadian Asset Management LLC now owns 134,959 shares of the industrial products company's stock valued at $8,656,000 after purchasing an additional 58,814 shares during the period. Institutional investors own 46.47% of the company's stock.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.