Prudential Financial Inc. grew its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 24.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 227,463 shares of the company’s stock after acquiring an additional 45,353 shares during the period. Prudential Financial Inc. owned 0.14% of Harley-Davidson worth $10,304,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its stake in shares of Harley-Davidson by 10.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,659 shares of the company’s stock valued at $533,000 after purchasing an additional 1,187 shares during the last quarter. Aperio Group LLC lifted its position in Harley-Davidson by 2.9% during the 3rd quarter. Aperio Group LLC now owns 50,236 shares of the company’s stock worth $2,276,000 after acquiring an additional 1,408 shares during the last quarter. Flinton Capital Management LLC lifted its position in Harley-Davidson by 11.6% during the 2nd quarter. Flinton Capital Management LLC now owns 14,028 shares of the company’s stock worth $590,000 after acquiring an additional 1,456 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Harley-Davidson by 9.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 18,502 shares of the company’s stock worth $779,000 after acquiring an additional 1,661 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Harley-Davidson by 6.6% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 27,650 shares of the company’s stock worth $1,253,000 after acquiring an additional 1,700 shares during the last quarter. 88.35% of the stock is owned by institutional investors and hedge funds.
Shares of HOG opened at $41.86 on Wednesday. The stock has a market cap of $6.89 billion, a PE ratio of 11.96, a P/E/G ratio of 1.40 and a beta of 1.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.08 and a quick ratio of 0.95. Harley-Davidson Inc has a 52 week low of $35.76 and a 52 week high of $56.50.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.25. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 33.57%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts predict that Harley-Davidson Inc will post 3.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, December 13th. Harley-Davidson’s dividend payout ratio is currently 42.29%.
HOG has been the subject of a number of research analyst reports. Zacks Investment Research lowered 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 assumed 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 objective for the company. Royal Bank of Canada cut their price objective on shares of Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 17th. Finally, Wedbush cut their price objective on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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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