What is Northland Capmk's Forecast for HY FY2029 Earnings?

Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) - Northland Capmk issued their FY2029 earnings estimates for Hyster-Yale Materials Handling in a research note issued on Friday, February 28th. Northland Capmk analyst E. Jackson expects that the industrial products company will earn $4.99 per share for the year. The consensus estimate for Hyster-Yale Materials Handling's current full-year earnings is $8.85 per share.

Several other analysts have also issued reports on HY. Roth Mkm reduced their price target on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. StockNews.com raised Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a report on Thursday, February 27th.

Hyster-Yale Materials Handling Price Performance

HY stock traded up $0.41 during mid-day trading on Monday, hitting $45.26. The stock had a trading volume of 15,110 shares, compared to its average volume of 76,332. The firm has a fifty day simple moving average of $51.81 and a 200 day simple moving average of $56.74. The firm has a market capitalization of $792.48 million, a P/E ratio of 5.09 and a beta of 1.27. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling has a 52 week low of $42.59 and a 52 week high of $84.44.

Remove Ads

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, February 28th. Hyster-Yale Materials Handling's payout ratio is 17.37%.

Hyster-Yale Materials Handling announced that its board has authorized a share buyback plan on Monday, November 18th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of Hyster-Yale Materials Handling in the third quarter valued at approximately $582,000. Covestor Ltd grew its holdings in Hyster-Yale Materials Handling by 21,350.0% during the 3rd quarter. Covestor Ltd now owns 429 shares of the industrial products company's stock worth $27,000 after acquiring an additional 427 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Hyster-Yale Materials Handling in the 3rd quarter valued at approximately $866,000. Victory Capital Management Inc. bought a new position in shares of Hyster-Yale Materials Handling during the third quarter valued at $387,000. Finally, Quest Partners LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 189.0% during the third quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company's stock worth $163,000 after purchasing an additional 1,669 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale, 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.