HY Stock Recent News
HY LATEST HEADLINES
I am turning more constructive on Hyster-Yale Materials Handling, Inc. given its current valuation of 5x EBIT and potential for upside correction. HY's stock has suffered from overly pessimistic investor expectations, trading at an 80% discount to the sector despite comparable industry performance. Management's efforts to improve operating ratios and shed capital have positioned HY for potential margin decompression and higher ROICs, supporting a $73-$74/share valuation.
In the most recent trading session, Hyster-Yale (HY) closed at $50.22, indicating a +0.1% shift from the previous trading day.
Hyster-Yale (HY) concluded the recent trading session at $50.24, signifying a -1.35% move from its prior day's close.
Hyster-Yale (HY) closed at $63.77 in the latest trading session, marking a +0.06% move from the prior day.
The latest trading day saw Hyster-Yale (HY) settling at $60.32, representing a -0.92% change from its previous close.
Hyster-Yale (HY) reachead $57.82 at the closing of the latest trading day, reflecting a -0.45% change compared to its last close.
The latest trading day saw Hyster-Yale (HY) settling at $59.75, representing a -1.81% change from its previous close.
Hyster-Yale (HY) could produce exceptional returns because of its solid growth attributes.
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).
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.