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NYSE:HY

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

$44.33
+1.60 (+3.74%)
(As of 09/28/2023 ET)
Compare
Today's Range
$42.65
▼
$44.88
50-Day Range
$41.35
▼
$51.26
52-Week Range
$20.99
▼
$59.64
Volume
80,218 shs
Average Volume
81,840 shs
Market Capitalization
$761.59 million
P/E Ratio
22.17
Dividend Yield
2.93%
Price Target
$55.50
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Hyster-Yale Materials Handling MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.2% 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
N/A
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.

2.40 out of 5 stars

Industrial Products Sector

113th out of 182 stocks

Industrial Trucks & Tractors Industry

2nd out of 2 stocks

See Top Rated MarketRank™ Stocks Here

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

September 27, 2023 | seekingalpha.com
Hyster-Yale Materials: Rally Fully Extended, Economic Value Absent At Current Numbers
August 29, 2023 | finance.yahoo.com
Nuvera-Powered Hydrogen Fuel Cell Reachstacker Shipped to Port of Valencia
September 28, 2023 | Tradewins (Ad)
Successful Options Trading Begins With…
Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month!
August 26, 2023 | finance.yahoo.com
Hyster-Yale Materials Handling, Inc. (NYSE:HY) Pays A US$0.33 Dividend In Just Four Days
August 18, 2023 | seekingalpha.com
Hyster-Yale Materials Handling declares $0.325 dividend
August 17, 2023 | finance.yahoo.com
Institutional investors may overlook Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) recent US$58m market cap drop as long-term gains remain positive
August 10, 2023 | seekingalpha.com
Hyster-Yale Materials Handling, Inc. 2023 Q2 - Results - Earnings Call Presentation
August 3, 2023 | insidermonkey.com
Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q2 2023 Earnings Call Transcript
September 28, 2023 | Tradewins (Ad)
Successful Options Trading Begins With…
Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month!
August 3, 2023 | finance.yahoo.com
Q2 2023 Hyster-Yale Materials Handling Inc Earnings Call
August 3, 2023 | finance.yahoo.com
Is Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) ROE Of 12% Impressive?
August 1, 2023 | msn.com
Hyster-Yale Materials Handling GAAP EPS of $2.21 beats by $1.44, revenue of $1.1B beats by $125.5M
August 1, 2023 | finance.yahoo.com
HYSTER-YALE MATERIALS HANDLING ANNOUNCES SECOND QUARTER 2023 RESULTS
July 25, 2023 | finance.yahoo.com
HYSTER-YALE MATERIALS HANDLING ANNOUNCES DATES OF 2023 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL
July 10, 2023 | finance.yahoo.com
Litum's Forklift Safety Solution Now Among UNISOURCE Parts and Accessories Program Offered by the Hyster-Yale Group Dealer Network
June 20, 2023 | finance.yahoo.com
Hyster-Yale Materials Handling: Good Growth and Attractive Valuation
June 4, 2023 | finance.yahoo.com
Hyster-Yale Materials Handling (NYSE:HY) shareholders have earned a 40% return over the last year
May 14, 2023 | uk.finance.yahoo.com
Hyster-Yale Materials Handling (NYSE:HY) Is Paying Out A Larger Dividend Than Last Year
May 12, 2023 | finance.yahoo.com
Be Wary Of Hyster-Yale Materials Handling (NYSE:HY) And Its Returns On Capital
May 12, 2023 | marketwatch.com
8-K: HYSTER-YALE MATERIALS HANDLING, INC.
May 11, 2023 | msn.com
Hyster-Yale Materials Handling Inc - (HY) Declares $0.32 Dividend
May 10, 2023 | marketwatch.com
Hyster-Yale Names President Rajiv Prasad to Added CEO Post
May 10, 2023 | marketwatch.com
Global Autonomous Material Handling Equipment Market by [2023-2029] with Revenue Outsourcing
May 5, 2023 | msn.com
EF Hutton Maintains Hyster-Yale Materials Handling Inc - (HY) Buy Recommendation
May 4, 2023 | markets.businessinsider.com
EF Hutton Reaffirms Their Buy Rating on Hyster-Yale Materials Handling (HY)
May 4, 2023 | finance.yahoo.com
Q1 2023 Hyster-Yale Materials Handling Inc Earnings Call
May 4, 2023 | seekingalpha.com
Hyster-Yale Materials Handling, Inc. 2023 Q1 - Results - Earnings Call Presentation
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
9/28/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Industrial trucks & tractors
Sub-Industry
Industrial Machinery
Sector
Industrial Products
Current Symbol
NYSE:HY
CUSIP
44917210
CIK
1173514
Web
www.hyster-yale.com
Phone
(440) 449-9600
Fax
440-449-9577
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
+26.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.00
Trailing P/E Ratio
21.99
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-74,100,000.00
Net Margins
0.90%
Pretax Margin
1.72%
Return on Equity
15.96%
Return on Assets
1.72%

Debt

Debt-to-Equity Ratio
0.86
Current Ratio
1.13
Quick Ratio
0.53

Sales & Book Value

Annual Sales
$3.55 billion
Price / Sales
0.21
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$12.45 per share
Price / Book
3.53

Miscellaneous

Outstanding Shares
17,180,000
Free Float
11,349,000
Market Cap
$755.40 million
Optionable
Optionable
Beta
1.35

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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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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 brokerages have issued 1-year price objectives for Hyster-Yale Materials Handling's shares. Their HY share price forecasts range from $36.00 to $75.00. On average, they predict the company's share price to reach $55.50 in the next twelve months. This suggests a possible upside of 26.2% 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 shares have increased by 73.7% and is now trading at $43.97.
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) announced its earnings results on Tuesday, August, 1st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter. The industrial products company had revenue of $1.09 billion for the quarter. Hyster-Yale Materials Handling had a net margin of 0.90% and a trailing twelve-month return on equity of 15.96%.

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. Investors 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 yield of 2.96%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for HY.

What ETFs hold Hyster-Yale Materials Handling's stock?

ETFs with the largest weight of Hyster-Yale Materials Handling (NYSE:HY) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Global X Autonomous & Electric Vehicles ETF (DRIV), SPDR S&P Kensho Clean Power ETF (CNRG) and Direxion Hydrogen ETF (HJEN).Global X Hydrogen ETF (HYDR).

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 3.14%. 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."

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

Hyster-Yale Materials Handling's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Gamco Investors INC. ET AL (6.05%), Gamco Investors INC. ET AL (6.02%), BlackRock Inc. (4.62%), Dimensional Fund Advisors LP (3.07%), State Street Corp (1.88%) and Mirae Asset Global Investments Co. Ltd. (1.77%). Insiders that own company stock include Alfred M Et Al Rankin, Btr 2020 Gst Trust F/B/O Elisa, Gregory Breier, John C Butler Jr, 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 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 $43.97.

How much money does Hyster-Yale Materials Handling make?

Hyster-Yale Materials Handling (NYSE:HY) has a market capitalization of $755.40 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 9/28/2023 by MarketBeat.com Staff

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