Stokes & Hubbell Capital Management LLC bought a new stake in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,325 shares of the company’s stock, valued at approximately $ 201,000.
A number of other large investors have also added to or reduced their stakes in HOG. Dodge & Cox bought a new position in shares of Harley-Davidson during the fourth quarter valued at about $ 517,798,000. Independent Franchise Partners LLP increased its position in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the period. State Street Corp increased its position in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares during the period. BlackRock Fund Advisors increased its position in shares of Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock valued at $ 150,281,000 after buying an additional 60,156 shares during the period. Finally, Kiltearn Partners LLP increased its stake in Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock worth $ 155,120,000 after buying an additional 183,300 shares during the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) opened at 57.88 on Thursday. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The stock’s 50 day moving average is $ 59.93 and its 200 day moving average is $ 58.30. The stock has a market cap of $ 10.19 billion, a price-to-earnings ratio of 16.50 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the company earned $ 1.36 earnings per share. Harley-Davidson’s quarterly revenue was down 15.7% on a year-over-year basis. On average, equities analysts forecast that Harley-Davidson Inc will post $ 3.77 EPS for the current year.
HOG has been the subject of a number of recent research reports. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $ 63.00 price target (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $ 59.00 price target (down previously from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Finally, Wedbush reaffirmed a “hold” rating and set a $ 53.00 price target (up previously from $ 48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson has a consensus rating of “Hold” and an average target price of $ 56.12.
In related news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the transaction, the director now owns 5,523 shares in the company, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock worth $ 5,912,378 in the last quarter. 0.99% of the stock is owned by corporate insiders.
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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