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

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.
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2 analysts have issued 12-month target prices for Hyster-Yale Materials Handling's shares. Their HY share price forecasts range from $36.00 to $75.00. On average, they expect the company's share price to reach $55.50 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price.
View analysts price targets for HY or view top-rated stocks among Wall Street analysts.

Hyster-Yale Materials Handling's stock was trading at $25.31 at the start of the year. Since then, HY shares have increased by 78.8% and is now trading at $45.25.
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Hyster-Yale Materials Handling saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 222,200 shares, an increase of 6.4% from the February 13th total of 208,800 shares. Based on an average trading volume of 69,700 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.8% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our HY earnings forecast.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced its earnings results on Tuesday, November, 2nd. The industrial products company reported ($4.59) EPS 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 negative trailing twelve-month return on equity of 33.25% and a negative net margin of 2.09%.

Hyster-Yale Materials Handling announced a quarterly dividend on Tuesday, February 14th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.322 per share on Wednesday, March 15th. This represents a $1.29 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for HY.

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), Direxion Hydrogen ETF (HJEN), SPDR S&P Kensho Clean Power ETF (CNRG), Global X Hydrogen ETF (HYDR), SPDR S&P Kensho Smart Mobility ETF (HAIL), IQ Chaikin U.S. Small Cap ETF (CSML) and SPDR S&P Kensho New Economies Composite ETF (KOMP).

Hyster-Yale Materials Handling (NYSE:HY) pays an annual dividend of $1.29 per share and currently has a dividend yield of 2.78%.
Read our dividend analysis for HY.

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.

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).

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

Hyster-Yale Materials Handling's stock is owned by a number of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (5.75%), Gamco Investors INC. ET AL (5.75%), Dimensional Fund Advisors LP (3.77%), Kopernik Global Investors LLC (1.97%), Mirae Asset Global Investments Co. Ltd. (1.73%) and Fuller & Thaler Asset Management Inc. (1.41%). 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.
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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.
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One share of HY stock can currently be purchased for approximately $45.25.

Hyster-Yale Materials Handling (NYSE:HY) has a market capitalization of $776.49 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 ($4.39) on an earnings per share basis.

The company employs 8,200 workers across the globe.

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.