IFG Advisory LLC bought a new stake in Harley-Davidson Inc (NYSE:HOG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,560 shares of the company’s stock, valued at approximately $206,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HOG. Whittier Trust Co. acquired a new position in Harley-Davidson in the second quarter valued at about $112,000. Cribstone Capital Management LLC lifted its position in Harley-Davidson by 75.0% in the second quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after buying an additional 1,200 shares during the last quarter. CSat Investment Advisory L.P. acquired a new stake in shares of Harley-Davidson during the second quarter worth about $132,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Harley-Davidson during the second quarter worth about $183,000. Finally, Comerica Securities Inc. acquired a new stake in shares of Harley-Davidson during the third quarter worth about $202,000. 85.72% of the stock is currently owned by institutional investors.
Shares of HOG opened at $40.73 on Friday. The stock has a market cap of $6.81 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.32 and a beta of 1.08. Harley-Davidson Inc has a 1 year low of $35.76 and a 1 year high of $56.50. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.95 and a current ratio of 1.08.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.25. Harley-Davidson had a net margin of 10.66% and a return on equity of 33.57%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, analysts predict that Harley-Davidson Inc will post 3.88 EPS for the current year.
In related news, CFO John A. Olin sold 12,587 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $43.48, for a total transaction of $547,282.76. Following the sale, the chief financial officer now directly owns 55,016 shares in the company, valued at $2,392,095.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is currently owned by corporate insiders.
Several analysts have recently issued reports on HOG shares. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Wolfe Research started coverage on shares of Harley-Davidson in a research report on Tuesday, October 2nd. They set a “peer perform” rating and a $46.00 price target on the stock. Wedbush reduced their price target on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 4th. Finally, Royal Bank of Canada reduced their price target on shares of Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 17th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.38.
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Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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