Free Trial
NYSE:HY

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

$74.53
-0.08 (-0.11%)
(As of 09:45 AM ET)
Today's Range
$74.10
$74.80
50-Day Range
$57.16
$79.11
52-Week Range
$38.50
$79.66
Volume
4,130 shs
Average Volume
102,766 shs
Market Capitalization
$1.30 billion
P/E Ratio
8.64
Dividend Yield
1.74%
Price Target
$88.50

Hyster-Yale Materials Handling MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
18.6% Upside
$88.50 Price Target
Short Interest
Bearish
6.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Hyster-Yale Materials Handling in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$974,182 Sold Last Quarter
Proj. Earnings Growth
0.91%
From $7.68 to $7.75 Per Share

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.

3.27 out of 5 stars

Industrial Products Sector

88th out of 160 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. Hyster-Yale Materials Handling, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.

HY Stock Price History

HY Stock News Headlines

Hyster-Yale Raises Dividend to 35c per Share
See More Headlines
Receive HY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Hyster-Yale Materials Handling and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Today
5/22/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial trucks & tractors
Sub-Industry
Industrial Machinery
CUSIP
44917210
Employees
8,600
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$88.50
High Stock Price Target
$90.00
Low Stock Price Target
$87.00
Potential Upside/Downside
+18.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$125.90 million
Pretax Margin
5.32%

Debt

Sales & Book Value

Annual Sales
$4.12 billion
Cash Flow
$9.96 per share
Book Value
$22.81 per share

Miscellaneous

Free Float
11,559,000
Market Cap
$1.31 billion
Optionable
Optionable
Beta
1.49

Social Links

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Key Executives

  • Mr. Alfred Marshall Rankin Jr. (Age 83)
    Executive Chairman
    Comp: $4.08M
  • Mr. Rajiv K. Prasad (Age 60)
    President, CEO & Director
    Comp: $3.48M
  • Mr. Scott A. Minder (Age 50)
    Senior VP, CFO & Treasurer
    Comp: $1.06M
  • Ms. Suzanne Schulze Taylor (Age 61)
    Senior VP, General Counsel & Secretary
    Comp: $991.83k
  • Mr. Charles F. Pascarelli (Age 64)
    Senior VP & President of Americas - Hyster-Yale Group, Inc
    Comp: $1.43M
  • Mr. Anthony James Salgado (Age 53)
    Chief Operating Officer of Hyster-Yale Group Inc.
    Comp: $1.88M
  • Ms. Dena R. McKee (Age 52)
    VP, Controller & Chief Accounting Officer
  • 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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hyster-Yale Materials Handling in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HY, but not buy additional shares or sell existing shares.
View HY analyst ratings
or view top-rated stocks.

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

3 equities research analysts have issued 12-month price targets for Hyster-Yale Materials Handling's stock. Their HY share price targets range from $87.00 to $90.00. On average, they expect the company's stock price to reach $88.50 in the next year. This suggests a possible upside of 18.6% 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 at the start of the year. Since then, HY shares have increased by 20.0% and is now trading at $74.61.
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 April. As of April 30th, there was short interest totaling 586,200 shares, an increase of 7.7% from the April 15th total of 544,400 shares. Based on an average trading volume of 104,400 shares, the short-interest ratio is currently 5.6 days. Currently, 6.6% of the company's stock are short sold.
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, August 6th 2024.
View our HY earnings forecast
.

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

Hyster-Yale Materials Handling, Inc. (NYSE:HY) posted its earnings results on Tuesday, February, 27th. The industrial products company reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.46 by $0.03. The industrial products company earned $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Hyster-Yale Materials Handling had a net margin of 3.61% and a trailing twelve-month return on equity of 42.94%.

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 Wednesday, May 8th. Investors of record on Friday, May 31st will be paid a dividend of $0.35 per share on Friday, June 14th. This represents a $1.40 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from the stock's previous quarterly dividend of $0.33.
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 1.73%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HY will have a dividend payout ratio of 16.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HY.

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. (6.07%), Gamco Investors INC. ET AL (5.62%), Mirae Asset Global Investments Co. Ltd. (1.64%), Acadian Asset Management LLC (0.77%), ProShare Advisors LLC (0.77%) and Jacobs Levy Equity Management Inc. (0.76%). Insiders that own company stock include Frank F Taplin, Gregory Breier and Martha S Kelly.
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.
Read More
This page (NYSE:HY) was last updated on 5/22/2024 by MarketBeat.com Staff

From Our Partners