IFM Investors Pty Ltd increased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 103.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,955 shares of the company’s stock after buying an additional 10,630 shares during the quarter. IFM Investors Pty Ltd’s holdings in Harley-Davidson were worth $754,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in HOG. Patriot Financial Group Insurance Agency LLC purchased a new stake in Harley-Davidson during the 2nd quarter worth about $25,000. Pinebridge Investments L.P. bought a new position in Harley-Davidson during the 2nd quarter worth approximately $25,000. G&S Capital LLC bought a new position in Harley-Davidson during the 2nd quarter worth approximately $26,000. Flagship Harbor Advisors LLC grew its position in Harley-Davidson by 73.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after acquiring an additional 341 shares during the last quarter. Finally, Coastal Capital Group Inc. bought a new position in Harley-Davidson during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 93.45% of the company’s stock.
NYSE:HOG traded down $0.66 during trading hours on Monday, reaching $38.73. 18,678 shares of the company traded hands, compared to its average volume of 2,024,886. The business’s 50-day moving average price is $36.83 and its two-hundred day moving average price is $35.29. The stock has a market capitalization of $6.18 billion, a P/E ratio of 10.26, a P/E/G ratio of 1.46 and a beta of 1.20. Harley-Davidson Inc has a 1 year low of $30.17 and a 1 year high of $43.69. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.51.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Harley-Davidson had a return on equity of 28.84% and a net margin of 7.55%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. As a group, equities analysts anticipate that Harley-Davidson Inc will post 3.38 EPS for the current year.
In related news, insider Lawrence G. Hund sold 8,000 shares of Harley-Davidson stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $40.22, for a total value of $321,760.00. Following the completion of the sale, the insider now owns 10,593 shares of the company’s stock, valued at $426,050.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is currently owned by company insiders.
HOG has been the subject of several research analyst reports. KeyCorp cut Harley-Davidson from a “sector weight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Monday, November 4th. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating and set a $42.00 target price for the company in a research note on Thursday, October 24th. Wedbush lowered their target price on Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Finally, Morgan Stanley lowered their target price on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $38.63.
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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