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NYSE:HY

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

$44.92
+0.92 (+2.09%)
(As of 01:00 PM ET)
Compare
Today's Range
$43.91
$45.17
50-Day Range
$41.35
$51.26
52-Week Range
$20.99
$59.64
Volume
39,797 shs
Average Volume
81,864 shs
Market Capitalization
$771.73 million
P/E Ratio
22.46
Dividend Yield
2.89%
Price Target
$55.50

Hyster-Yale Materials Handling MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.3% Upside
$55.50 Price Target
Short Interest
Healthy
3.92% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions of Hyster-Yale Materials Handling in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Industrial Products Sector

89th out of 181 stocks

Industrial Trucks & Tractors Industry

2nd out of 2 stocks


HY stock logo

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

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 Price History

HY Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
8-K: HYSTER-YALE MATERIALS HANDLING, INC.
See More Headlines
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HY Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
10/03/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$55.50
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+23.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-74,100,000.00
Pretax Margin
1.72%

Debt

Sales & Book Value

Annual Sales
$3.55 billion
Book Value
$12.45 per share

Miscellaneous

Free Float
11,349,000
Market Cap
$773.44 million
Optionable
Optionable
Beta
1.33

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Key Executives

  • Mr. Alfred Marshall Rankin Jr. (Age 82)
    Exec. Chairman
    Comp: $3.53M
  • Mr. Rajiv K. Prasad (Age 59)
    Pres, CEO & Director
    Comp: $1.78M
  • Mr. Scott A. Minder (Age 49)
    Sr. VP, CFO & Treasurer
    Comp: $489.31k
  • Mr. Charles F. Pascarelli (Age 63)
    Sr. VP & Pres of Americas - Hyster-Yale Group, Inc
    Comp: $1.13M
  • Mr. Anthony James Salgado (Age 52)
    Chief Operating Officer of Hyster-Yale Group Inc.
    Comp: $1.28M
  • Ms. Jennifer M. Langer (Age 49)
    VP, Controller & Chief Accounting Officer
  • Ms. Suzanne Schulze Taylor (Age 60)
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Gopichand Somayajula (Age 66)
    Sr. VP of Global Product Devel. - Hyster-Yale Group, Inc.
  • Mr. Stephen J. Karas (Age 53)
    Sr. VP & Pres of APIC - Hyster-Yale Group Inc.
  • Mr. Jon C. Taylor (Age 58)
    VP & CFO of Hyster-Yale Group, Inc.













HY Stock - Frequently Asked Questions

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

2 Wall Street 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 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 forecast for 2023?

2 Wall Street research analysts have issued 1-year price targets for Hyster-Yale Materials Handling's stock. Their HY share price forecasts range from $36.00 to $75.00. On average, they predict the company's stock price to reach $55.50 in the next twelve months. This suggests a possible upside of 23.3% 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 2023?

Hyster-Yale Materials Handling's stock was trading at $25.31 at the beginning of the year. Since then, HY stock has increased by 77.9% and is now trading at $45.02.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our HY earnings forecast
.

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

Hyster-Yale Materials Handling, Inc. (NYSE:HY) issued its quarterly earnings data on Tuesday, August, 1st. The industrial products company reported $2.21 EPS for the quarter. The industrial products company had revenue of $1.09 billion for the quarter. Hyster-Yale Materials Handling had a trailing twelve-month return on equity of 15.96% and a net margin of 0.90%.

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, August 16th. Stockholders of record on Friday, September 1st will be given a dividend of $0.325 per share on Friday, September 15th. This represents a $1.30 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for HY
.

What ETFs hold Hyster-Yale Materials Handling's stock?
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 2.92%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.00%. This payout ratio is at a healthy, sustainable level, below 75%.
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).

What is Hyster-Yale Materials Handling's stock symbol?

Hyster-Yale Materials Handling trades on the New York Stock Exchange (NYSE) under the ticker symbol "HY."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hyster-Yale Materials Handling's stock price today?

One share of HY stock can currently be purchased for approximately $45.02.

How much money does Hyster-Yale Materials Handling make?

Hyster-Yale Materials Handling (NYSE:HY) has a market capitalization of $773.44 million and generates $3.55 billion in revenue each year. The industrial products company earns $-74,100,000.00 in net income (profit) each year or $2.00 on an earnings per share basis.

How many employees does Hyster-Yale Materials Handling have?

The company employs 8,200 workers across the globe.

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
How can I contact Hyster-Yale Materials Handling?

Hyster-Yale Materials Handling's mailing address is 5875 LANDERBROOK DRIVE SUITE 300, CLEVELAND OH, 44124. The official website for the company is www.hyster-yale.com. The industrial products company can be reached via phone at (440) 449-9600, via email at ir@hyster-yale.com, or via fax at 440-449-9577.

This page (NYSE:HY) was last updated on 10/3/2023 by MarketBeat.com Staff

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