OLD National Bancorp IN decreased its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,053 shares of the company’s stock after selling 1,391 shares during the period. OLD National Bancorp IN’s holdings in Harley-Davidson were worth $461,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its position in Harley-Davidson by 26.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 207,559 shares of the company’s stock worth $10,006,000 after purchasing an additional 42,983 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Harley-Davidson by 11.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 25,591 shares of the company’s stock worth $1,233,000 after purchasing an additional 2,659 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Harley-Davidson by 27.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,129,738 shares of the company’s stock worth $54,465,000 after acquiring an additional 245,139 shares during the period. Parthenon LLC grew its holdings in shares of Harley-Davidson by 32.4% in the 3rd quarter. Parthenon LLC now owns 15,849 shares of the company’s stock worth $764,000 after acquiring an additional 3,875 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Harley-Davidson in the 3rd quarter worth approximately $960,000. Institutional investors own 97.26% of the company’s stock.
In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the transaction, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $47.74, for a total value of $66,883.74. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
A number of equities research analysts recently weighed in on HOG shares. Longbow Research cut Harley-Davidson from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Tuesday, January 2nd. Stifel Nicolaus restated a “hold” rating and issued a $54.00 price target (up previously from $49.00) on shares of Harley-Davidson in a report on Wednesday, January 17th. Wedbush upped their price target on Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. Finally, Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $52.00.
Shares of Harley-Davidson Inc (NYSE HOG) opened at $47.94 on Thursday. The company has a market capitalization of $7,951.95, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.58 and a beta of 0.84. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. Harley-Davidson Inc has a fifty-two week low of $44.52 and a fifty-two week high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, January 30th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. Harley-Davidson’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. equities research analysts forecast that Harley-Davidson Inc will post 3.75 earnings per share for the current year.
Harley-Davidson declared that its Board of Directors has authorized a share repurchase program on Monday, February 5th that allows the company to buyback 15,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Tuesday, February 13th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s dividend payout ratio is currently 49.66%.
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Harley-Davidson Company Profile
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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