Teacher Retirement System of Texas purchased a new stake in shares of Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 46,636 shares of the company’s stock, valued at approximately $2,373,000.
Several other large investors have also made changes to their positions in the company. Calton & Associates Inc. bought a new position in shares of Harley-Davidson during the fourth quarter valued at $748,000. Claraphi Advisory Network LLC bought a new position in shares of Harley-Davidson during the fourth quarter valued at $455,000. Aperio Group LLC lifted its holdings in shares of Harley-Davidson by 6.5% during the fourth quarter. Aperio Group LLC now owns 51,644 shares of the company’s stock valued at $2,628,000 after purchasing an additional 3,143 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Harley-Davidson by 10.7% during the fourth quarter. Victory Capital Management Inc. now owns 171,711 shares of the company’s stock valued at $8,737,000 after purchasing an additional 16,647 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in shares of Harley-Davidson by 42.5% during the fourth quarter. Dupont Capital Management Corp now owns 13,339 shares of the company’s stock valued at $679,000 after purchasing an additional 3,976 shares in the last quarter. 95.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Harley-Davidson Inc (NYSE HOG) opened at $46.30 on Thursday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06. The company has a market capitalization of $7,849.29, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. Harley-Davidson Inc has a 1 year low of $44.52 and a 1 year high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. The business had revenue of $1.05 billion during 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%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. sell-side analysts expect that Harley-Davidson Inc will post 3.75 EPS for the current year.
Harley-Davidson announced that its board has initiated a stock repurchase program on Monday, February 5th that allows the company to buyback 15,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be given a $0.37 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. Harley-Davidson’s dividend payout ratio is presently 49.66%.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $47.74, for a total value of $66,883.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul J. Jones sold 870 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $47.62, for a total value of $41,429.40. Following the completion of the sale, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
HOG has been the topic of a number of research analyst reports. Longbow Research downgraded 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 objective for the company in a research report on Tuesday, January 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 price objective (up previously from $49.00) on shares of Harley-Davidson in a research report on Wednesday, January 17th. Wedbush upped their price objective on Harley-Davidson from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Finally, Wells Fargo & Co upgraded Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.00.
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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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