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NYSE:HY

Hyster-Yale Materials Handling (HY) Stock Price, News & Analysis

$58.72
-0.16 (-0.27%)
(As of 01:28 PM ET)
Today's Range
$58.42
$59.52
50-Day Range
$58.33
$72.32
52-Week Range
$38.50
$72.40
Volume
61,825 shs
Average Volume
98,901 shs
Market Capitalization
$1.01 billion
P/E Ratio
8.10
Dividend Yield
2.21%
Price Target
$82.50

Hyster-Yale Materials Handling MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
39.8% Upside
$82.50 Price Target
Short Interest
Healthy
4.94% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.28mentions of Hyster-Yale Materials Handling in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.68 out of 5 stars

Industrial Products Sector

63rd out of 174 stocks

Industrial Trucks & Tractors Industry

2nd out of 2 stocks

HY stock logo

About Hyster-Yale Materials Handling Stock (NYSE:HY)

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. The company also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, it produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, the company designs, manufactures, and sells hydrogen fuel-cell stacks and engines. It serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. The company was incorporated in 1991 and is headquartered in Cleveland, Ohio.

HY Stock Price History

HY Stock News Headlines

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HY Mar 2024 65.000 call
Here's what to expect from Hyster-Yale Materials Handling A's earnings
Hyster-Yale Materials Handling Inc.
HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND
See More Headlines
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Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Ex-Dividend for 3/15 Dividend
2/29/2024
Today
3/01/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial trucks & tractors
Sub-Industry
Industrial Machinery
CUSIP
44917210
Employees
8,200
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$82.50
High Stock Price Target
$85.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+40.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-74,100,000.00
Pretax Margin
3.74%

Debt

Sales & Book Value

Annual Sales
$4.12 billion
Book Value
$12.45 per share

Miscellaneous

Free Float
11,355,000
Market Cap
$1.01 billion
Optionable
Optionable
Beta
1.51

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Key Executives

  • Mr. Alfred Marshall Rankin Jr. (Age 83)
    Executive Chairman
    Comp: $3.53M
  • Mr. Rajiv K. Prasad (Age 60)
    President, CEO & Director
    Comp: $1.78M
  • Mr. Scott A. Minder (Age 50)
    Senior VP, CFO & Treasurer
    Comp: $489.31k
  • Mr. Charles F. Pascarelli (Age 64)
    Senior VP & President of Americas - Hyster-Yale Group, Inc
    Comp: $1.13M
  • Mr. Anthony James Salgado (Age 53)
    Chief Operating Officer of Hyster-Yale Group Inc.
    Comp: $1.28M
  • Ms. Jennifer M. Langer (Age 50)
    VP, Controller & Chief Accounting Officer
  • Ms. Suzanne Schulze Taylor (Age 61)
    Senior VP, General Counsel & Secretary
  • Mr. Gregory J. Breier (Age 58)
    VP & Chief Tax Officer
  • Mr. Gopichand Somayajula (Age 67)
    Senior Vice President of Global Product Development - Hyster-Yale Group, Inc.
  • Mr. Stephen J. Karas (Age 54)
    Senior VP & President of APIC - Hyster-Yale Group Inc.














HY Stock Analysis - Frequently Asked Questions

Should I buy or sell Hyster-Yale Materials Handling stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hyster-Yale Materials Handling in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HY shares.
View HY analyst ratings
or view top-rated stocks.

What is Hyster-Yale Materials Handling's stock price target for 2024?

2 brokerages have issued 1 year price objectives for Hyster-Yale Materials Handling's shares. Their HY share price targets range from $80.00 to $85.00. On average, they anticipate the company's stock price to reach $82.50 in the next year. This suggests a possible upside of 39.8% from the stock's current price.
View analysts price targets for HY
or view top-rated stocks among Wall Street analysts.

How have HY shares performed in 2024?

Hyster-Yale Materials Handling's stock was trading at $62.19 on January 1st, 2024. Since then, HY shares have decreased by 5.1% and is now trading at $59.00.
View the best growth stocks for 2024 here
.

Are investors shorting Hyster-Yale Materials Handling?

Hyster-Yale Materials Handling saw a increase in short interest in January. As of January 31st, there was short interest totaling 445,100 shares, an increase of 44.0% from the January 15th total of 309,000 shares. Based on an average daily trading volume, of 86,400 shares, the days-to-cover ratio is currently 5.2 days. Currently, 5.4% of the shares of the stock are sold short.
View Hyster-Yale Materials Handling's Short Interest
.

When is Hyster-Yale Materials Handling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our HY earnings forecast
.

How were Hyster-Yale Materials Handling's earnings last quarter?

Hyster-Yale Materials Handling, Inc. (NYSE:HY) released its earnings results on Tuesday, November, 2nd. The industrial products company reported ($4.59) earnings per share for the quarter, missing the consensus estimate of ($0.43) by $4.16. The industrial products company had revenue of $748.20 million for the quarter. Hyster-Yale Materials Handling had a trailing twelve-month return on equity of 44.12% and a net margin of 3.06%.

How often does Hyster-Yale Materials Handling pay dividends? What is the dividend yield for Hyster-Yale Materials Handling?

Hyster-Yale Materials Handling declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.325 per share on Friday, March 15th. This represents a $1.30 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for HY
.

Is Hyster-Yale Materials Handling a good dividend stock?

Hyster-Yale Materials Handling (NYSE:HY) pays an annual dividend of $1.30 per share and currently has a dividend yield of 2.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for HY.

What ETFs hold Hyster-Yale Materials Handling's stock?
What is Rajiv K. Prasad's approval rating as Hyster-Yale Materials Handling's CEO?

19 employees have rated Hyster-Yale Materials Handling Chief Executive Officer Rajiv K. Prasad on Glassdoor.com. Rajiv K. Prasad has an approval rating of 93% among the company's employees. This puts Rajiv K. Prasad in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Hyster-Yale Materials Handling own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hyster-Yale Materials Handling investors own include Boeing (BA), Cisco Systems (CSCO), Pfizer (PFE), Verizon Communications (VZ), Dominion Energy (D), NVIDIA (NVDA), Walt Disney (DIS), Home Depot (HD), Procter & Gamble (PG) and Walgreens Boots Alliance (WBA).

Who are Hyster-Yale Materials Handling's major shareholders?

Hyster-Yale Materials Handling's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.40%), Gamco Investors INC. ET AL (5.99%), Dimensional Fund Advisors LP (2.92%), Mirae Asset Global Investments Co. Ltd. (1.29%), Federated Hermes Inc. (0.77%) and Assenagon Asset Management S.A. (0.73%). Insiders that own company stock include Gregory Breier, Martha S Kelly and Susan Sichel.
View institutional ownership trends
.

How do I buy shares of Hyster-Yale Materials Handling?

Shares of HY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Hyster-Yale Materials Handling have any subsidiaries?
The following companies are subsidiares of Hyster-Yale Materials Handling: Auramo OY, Bolzoni (Hebei) Forks, Bolzoni Auramo (Shanghai) Forklift Truck Attachment Co. Ltd., Bolzoni Auramo (Wuxi) Forklift Truck Attachment Co. Ltd., Bolzoni Auramo AB, Bolzoni Auramo B.V., Bolzoni Auramo Canada Ltd., Bolzoni Auramo Inc., Bolzoni Auramo Polska SP Zoo, Bolzoni Auramo Pty Ltd., Bolzoni Auramo SL Sociedad Unipersonal, Bolzoni Capital Holding B.V., Bolzoni Capital UK Limited, Bolzoni Holding Hong Kong, Bolzoni Holding SpA, Bolzoni Holdings LLC, Bolzoni Italia Srl, Bolzoni Ltd., Bolzoni S.p.A., Bolzoni Sarl, Bolzoni South America Acessorios Para Empilhadeiras Ltda., Bolzoni SpA, G2A, HYG Telematics Solutions Limited, Hyster (H.K.) Limited, Hyster Overseas Capital Corporation LLC, Hyster-Yale Acquisition Holding Limited, Hyster-Yale Asia-Pacific Pte. Ltd., Hyster-Yale Asia-Pacific Pty Ltd., Hyster-Yale Australia Holding Pty Ltd., Hyster-Yale Brasil Empilhadeiras Ltda., Hyster-Yale Canada ULC, Hyster-Yale Deutschland GmbH, Hyster-Yale Europe B.V., Hyster-Yale France S.A.R.L., Hyster-Yale Group Inc., Hyster-Yale Group Limited, Hyster-Yale Holding B.V., Hyster-Yale International B.V., Hyster-Yale Italia SpA, Hyster-Yale Lift Trucks India Private Limited, Hyster-Yale Lift Trucks Singapore Pte. Ltd., Hyster-Yale Mauritius, Hyster-Yale Maximal Forklift (Zhejiang) Co. Ltd., Hyster-Yale Mexico S.A. de C.V., Hyster-Yale Nederland B.V., Hyster-Yale UK Limited, Hyster-Yale UK Pension Co. Limited, LLC Hans H. Meyer OOO, Maximal Forklift (Zhejiang) Co. Ltd., Meyer GmbH, Nuvera Fuel Cells (Zhejiang) Company Limited, Nuvera Fuel Cells LLC., Shanghai Hyster Forklift Ltd., Suminac Philippines Inc., Sumitomo NACCO Forklift Co. Ltd., Sumitomo NACCO Forklift Sales Co. Ltd., Sumitomo NACCO Forklift Vietnam Co. Ltd., Tohoku Shinko Co. Ltd., Yale Materials Handling UK Ltd., and Yale SLT Fordertechnik GmBH.
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This page (NYSE:HY) was last updated on 3/1/2024 by MarketBeat.com Staff

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