Company Overview - Hyster-Yale Materials (HY) is based in Cleveland and operates in the Industrial Products sector, with a year-to-date share price change of 11.51% [3] - The company currently pays a dividend of $0.35 per share, resulting in a dividend yield of 2.02%, which is significantly higher than the Manufacturing - Material Handling industry's yield of 0.4% and the S&P 500's yield of 1.59% [3] Dividend Performance - Hyster-Yale Materials has an annualized dividend of $1.40, reflecting a 7.9% increase from the previous year [4] - Over the past five years, the company has increased its dividend three times, averaging an annual increase of 0.60% [4] - The current payout ratio is 15%, indicating that the company pays out 15% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - The Zacks Consensus Estimate for Hyster-Yale Materials' earnings in 2024 is projected at $7.68 per share, representing a year-over-year growth rate of 6.08% [5] Investment Appeal - Hyster-Yale Materials is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]

Group 1: Momentum Investing Overview - Momentum investing deviates from the traditional strategy of "buying low and selling high," focusing instead on "buying high and selling higher" to achieve quicker profits [1] - Fast-moving trending stocks can be appealing, but identifying the right entry point is challenging, as these stocks may lose momentum if their valuations exceed future growth potential [2] Group 2: Hyster-Yale Materials (HY) Stock Analysis - Hyster-Yale Materials (HY) has shown significant price momentum, with a 23.5% increase over the past four weeks, indicating growing investor interest [4] - Over a longer timeframe, HY has gained 24.9% in the past 12 weeks, with a beta of 1.42, suggesting it moves 42% more than the market [5] - HY has a Momentum Score of B, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to HY's Zacks Rank 1 (Strong Buy), as analysts raising estimates attract more investor interest [7] - Despite its strong momentum, HY is trading at a reasonable valuation, with a Price-to-Sales ratio of 0.30, meaning investors pay 30 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides HY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to help investors find winning stock picks [9]

CLEVELAND, June 3, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that it adopted a new corporate logo in connection with its name change. The name change was effective at close of business on May 31, 2024. The shape and colors of the new logo represent the Company's commitment to customers through all its brands, including Hyster®, Yale®, Maximal®, Bolzoni®, Auramo®, Meyer®, Nuvera Fuel Cells® and Sumitomo NACCO. New Hyster-Yale Materials Handling, Inc. logo "The new logo unifies our ide ...

Core Insights - HysterYale Materials Handling (HY) is currently rated as a Strong Buy with a Zacks Rank of 1 and a Value grade of A, indicating strong potential for undervaluation and profit opportunities [4][7] Valuation Metrics - HY has a Price-to-Earnings (P/E) ratio of 9.80, significantly lower than the industry average of 11.12, suggesting it may be undervalued [4] - The Price-to-Sales (P/S) ratio for HY stands at 0.32, compared to the industry average of 0.79, reinforcing the notion of undervaluation [5] - HY's Price-to-Cash Flow (P/CF) ratio is 6.71, which is favorable when compared to the industry's average of 11.23, indicating strong cash flow performance [6] Earnings Outlook - The metrics indicate that HY is likely undervalued, and when considering its earnings outlook, it appears to be an impressive value stock at the moment [7]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Hyster-Yale Materials (HY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Hyster-Yale Materials is one of 222 companies in the Industrial Products group. The Industrial Products group currently si ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...

liorpt/iStock Editorial via Getty Images Thesis On Tuesday, May 7, 2024, Hyster-Yale Materials Handling, Inc. (NYSE:HY) posted its first quarter-2024 earnings report. When markets opened the next morning the stock price shot up, closing 23.55% higher. The following day saw the price jump again, by another 8.35%. Altogether, the stock price climbed from $59.02 to $79.01 in the space of two days. Was there something incredibly huge in the earnings announcement from the lift truck company? No, but it was a ...

Transforming the way the world moves materials from Port to Home Safe Harbor Statement and Disclosure This presentation includes forward-looking comments subject to important risks a may also contain financial measures that are not in conformance with accounting ¡ generally accepted in the United States of America (GAAP). Refer to Hyster-Yale's reports filed on Forms 8-K (current), 10-Q (quarterly), and 10 information on factors that could cause actual results to differ materially from info presentation and ...

CLEVELAND, May 8, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors increased its regular cash dividend from 32.5 cents to 35 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 14, 2024, to stockholders of record at the close of business on May 31, 2024. About Hyster-Yale Materials Handling, Inc.Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, is a globally integrate ...