Asset Management One Co. Ltd. decreased its position in Harley-Davidson Inc (NYSE:HOG) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 269,821 shares of the company’s stock after selling 3,561 shares during the period. Asset Management One Co. Ltd. owned about 0.16% of Harley-Davidson worth $13,020,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Harley-Davidson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after buying an additional 267,352 shares during the period. Capital Research Global Investors boosted its stake in shares of Harley-Davidson by 605.1% during the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after buying an additional 14,359,571 shares during the period. BlackRock Inc. boosted its stake in shares of Harley-Davidson by 1.5% during the 2nd quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after buying an additional 154,675 shares during the period. Independent Franchise Partners LLP boosted its stake in shares of Harley-Davidson by 53.3% during the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after buying an additional 2,815,749 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Harley-Davidson by 1.0% during the 2nd quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after buying an additional 39,699 shares during the period. 96.33% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on HOG. Goldman Sachs Group reissued a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Aegis began coverage on shares of Harley-Davidson in a research note on Monday, August 28th. They set a “hold” rating and a $49.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Friday, October 20th. Finally, Wedbush reissued a “neutral” rating and set a $45.00 target price on shares of Harley-Davidson in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.75.
In other news, Director Jochen Zeitz sold 1,859 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John A. Olin sold 28,760 shares of the firm’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the transaction, the chief financial officer now owns 65,722 shares in the company, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. Insiders have sold a total of 58,726 shares of company stock worth $2,816,641 in the last 90 days. 0.70% of the stock is owned by insiders.
Harley-Davidson Inc (HOG) opened at $50.46 on Friday. The firm has a market cap of $8,418.13, a price-to-earnings ratio of 15.63, a PEG ratio of 1.72 and a beta of 0.96. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. Harley-Davidson Inc has a twelve month low of $44.52 and a twelve month high of $63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. Harley-Davidson’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. sell-side analysts forecast that Harley-Davidson Inc will post 3.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.365 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.89%. Harley-Davidson’s dividend payout ratio is currently 45.63%.
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Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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