Hyster-Yale Materials Handling, Inc. (NYSE:HY - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $48.33 and last traded at $47.71, with a volume of 23485 shares traded. The stock had previously closed at $50.82.
Analyst Upgrades and Downgrades
A number of research firms have commented on HY. Roth Mkm dropped their price objective on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. StockNews.com upgraded Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $80.00.
Check Out Our Latest Analysis on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Stock Performance
The company has a market cap of $775.08 million, a PE ratio of 4.97 and a beta of 1.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The stock's 50-day simple moving average is $52.16 and its 200 day simple moving average is $57.05.
Hyster-Yale Materials Handling Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is 17.37%.
Hyster-Yale Materials Handling declared that its board has authorized a share buyback program on Monday, November 18th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.
Institutional Trading of Hyster-Yale Materials Handling
Several hedge funds and other institutional investors have recently made changes to their positions in HY. Covestor Ltd grew its position in Hyster-Yale Materials Handling by 21,350.0% during the third quarter. Covestor Ltd now owns 429 shares of the industrial products company's stock worth $27,000 after buying an additional 427 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $27,000. Pinpoint Asset Management Ltd acquired a new stake in shares of Hyster-Yale Materials Handling in the 3rd quarter worth approximately $32,000. Meeder Asset Management Inc. increased its stake in Hyster-Yale Materials Handling by 421.8% in the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 599 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth $76,000. Institutional investors and hedge funds own 46.47% of the company's stock.
About Hyster-Yale Materials Handling
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hyster-Yale Materials Handling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hyster-Yale Materials Handling wasn't on the list.
While Hyster-Yale Materials Handling currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
