Foundry Partners LLC bought a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 72,363 shares of the industrial products company's stock, valued at approximately $5,046,000. Foundry Partners LLC owned approximately 0.41% of Hyster-Yale Materials Handling as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HY. CWM LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 0.5% in the 2nd quarter. CWM LLC now owns 41,992 shares of the industrial products company's stock worth $2,928,000 after acquiring an additional 192 shares in the last quarter. Summit Global Investments boosted its stake in Hyster-Yale Materials Handling by 2.4% in the second quarter. Summit Global Investments now owns 10,334 shares of the industrial products company's stock worth $721,000 after purchasing an additional 240 shares in the last quarter. Mcdonald Partners LLC grew its holdings in shares of Hyster-Yale Materials Handling by 0.9% during the second quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company's stock worth $2,807,000 after purchasing an additional 352 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Hyster-Yale Materials Handling by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company's stock valued at $518,000 after buying an additional 395 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Hyster-Yale Materials Handling in the first quarter valued at $27,000. Institutional investors own 46.47% of the company's stock.
Hyster-Yale Materials Handling Stock Down 3.0 %
Shares of HY stock traded down $1.77 during trading hours on Friday, hitting $57.44. 66,529 shares of the company were exchanged, compared to its average volume of 97,459. Hyster-Yale Materials Handling, Inc. has a 52 week low of $38.50 and a 52 week high of $84.44. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $66.72 and a two-hundred day moving average of $66.42. The company has a market capitalization of $1.00 billion, a PE ratio of 6.66 and a beta of 1.31.
Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $1.30. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same period last year, the company earned $2.21 earnings per share. Analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.91 earnings per share for the current fiscal year.
Hyster-Yale Materials Handling Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, August 30th. Hyster-Yale Materials Handling's dividend payout ratio is currently 16.22%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on HY shares. Northland Capmk cut shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Northland Securities upgraded shares of Hyster-Yale Materials Handling from a "market perform" rating to an "outperform" rating and set a $90.00 price target for the company in a research report on Wednesday, June 5th. Finally, Roth Mkm restated a "buy" rating and issued a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Hyster-Yale Materials Handling currently has a consensus rating of "Moderate Buy" and an average target price of $87.00.
View Our Latest Analysis on HY
Hyster-Yale Materials Handling Company Profile
(
Free Report)
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.
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