Hyster-Yale Materials Handling
HY

$57.44

2.99%

Market Cap: $1B

About: Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas accounts for the larger share of the revenue.

Employees: 8,600

Industrials Industrial Trucks, Tractors, Trailers & Stackers

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 24

12% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 57

10% more capital invested

Capital invested by funds: $545M [Q1] → $600M (+$55.2M) [Q2]

7% more funds holding

Funds holding: 164 [Q1] → 176 (+12) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

7.45% less ownership

Funds ownership: 68.9% [Q1] → 61.45% (-7.45%) [Q2]

50% less call options, than puts

Call options by funds: $494K | Put options by funds: $990K

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$84

46%

upside

Avg. target

$84

46%

upside

High target

$84

46%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM

Chip Moore

39% 1-year accuracy

11 / 28 met price target

46%upside

$84

Buy

Reiterated

8 Aug 2024

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Financial journalist opinion

Based on 5 articles about HY published over the past 30 days

Zacks Investment Research

Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know

The latest trading day saw Hyster-Yale (HY) settling at $59.75, representing a -1.81% change from its previous close.

Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Zacks Investment Research

Hyster-Yale (HY) is an Incredible Growth Stock: 3 Reasons Why

Hyster-Yale (HY) could produce exceptional returns because of its solid growth attributes.

Hyster-Yale (HY) is an Incredible Growth Stock: 3 Reasons Why

Zacks Investment Research

Hyster-Yale (HY) Upgraded to Buy: Here's What You Should Know

Hyster-Yale (HY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Hyster-Yale (HY) Upgraded to Buy: Here's What You Should Know

Zacks Investment Research

4 Construction & Mining Equipment Stocks to Watch Despite Industry Headwinds

Despite the current dip in order levels, the demand for the Zacks Manufacturing - Construction and Mining industry will pick up, supported by increased investment spending and a robust mining sector. Companies like CAT, HTCMY, TEX and HY are positioning themselves to leverage these trends.

4 Construction & Mining Equipment Stocks to Watch Despite Industry Headwinds

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

CLEVELAND , Aug. 14, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that the Board of Directors declared a regular cash dividend of 35 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid September 13, 2024, to stockholders of record at the close of business on August 30, 2024.

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

Hyster-Yale Materials Handling, Inc. (HY) Q2 2024 Earnings Call Transcript

Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Consultant Rajiv Prasad - President & CEO Scott Minder - CFO, SVP & Treasurer Alfred Rankin - Chairman Conference Call Participants Chip Moore - ROTH Capital Operator Good morning, ladies and gentlemen, and welcome to the Hyster-Yale Inc. Second Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.

Hyster-Yale Materials Handling, Inc. (HY) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Hyster-Yale (HY) Tops Q2 Earnings and Revenue Estimates

Hyster-Yale (HY) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to earnings of $2.21 per share a year ago.

Hyster-Yale (HY) Tops Q2 Earnings and Revenue Estimates

HYSTER-YALE ANNOUNCES SECOND QUARTER 2024 RESULTS

Q2 2024 Consolidated Highlights: Continued consolidated revenue growth of more than 7% over Q2 2023 Operating profit of $95.6 million, up 63% from Q2 2023, and ahead of expectations Operating profit margin of 8.2%, up from 5.4% in Q2 2023 Net income of $63.3 million, up 65%, from Q2 2023 CLEVELAND , Aug. 6, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended June 30, 2024. Three Months Ended ($ in millions except per share amounts) 6/30/24 6/30/23 % Change 3/31/24 % Change Revenues $1,168.1 $1,090.6 7 % $1,056.5 11 % Operating Profit $95.6 $58.8 63 % $83.8 14 % Net Income $63.3 $38.3 65 % $51.5 23 % Diluted Earnings per Share $3.58 $2.21 62 % $2.93 22 % Effective May 31, 2024, the Company changed its name to Hyster-Yale, Inc. and changed the name of its Lift Truck business to Hyster-Yale Materials Handling, Inc. Lift Truck Business Results Revenues by geographic segment were as follows: ($ in millions) Q2 2024 Q2 2023 % Change Q1 2024 % Change Revenues $1,118.0 $1,038.7 8 % $1,006.8 11 % Americas(1) $881.5 $788.5 12 % $769.7 15 % EMEA(1) $187.8 $200.6 (6) % $199.4 (6) % JAPIC(1) $48.7 $49.6 (2) % $37.7 29 % (1) The Americas segment includes the North America, Latin America and Brazil markets, EMEA includes operations in the Europe, Middle East andAfrica markets, and JAPIC includes operations in the Asia and Pacific markets, including China Lift Truck revenues were 8% higher than Q2 2023 due to higher average sales prices and the favorable impact of reduced dealer incentive programs.

HYSTER-YALE ANNOUNCES SECOND QUARTER 2024 RESULTS

Zacks Investment Research

Hyster-Yale (HY) Gears Up for Q2 Earnings: Things to Note

Hyster-Yale's (HY) Q2 results are likely to reflect improvement in shipment volumes and a favorable sales mix in the Lift Truck business, offset by lower operating profit at Bolzoni and Nuvera.

Hyster-Yale (HY) Gears Up for Q2 Earnings: Things to Note

HYSTER-YALE ANNOUNCES DATES OF SECOND QUARTER 2024 EARNINGS RELEASE AND WEBCAST

CLEVELAND, July 30, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today it will release its Second Quarter 2024 financial results after market close on Tuesday, August 6, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 11:00 a.m.

HYSTER-YALE ANNOUNCES DATES OF SECOND QUARTER 2024 EARNINGS RELEASE AND WEBCAST

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