Dodge & Cox bought a new stake in Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,875,523 shares of the company’s stock, valued at approximately $ 517,798,000. Dodge & Cox owned about 5.08% of Harley-Davidson as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of HOG. Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 115,866,000. Schroder Investment Management Group boosted its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock valued at $ 70,408,000 after buying an additional 1,111,788 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Harley-Davidson by 7,447.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 466,887 shares of the company’s stock valued at $ 24,553,000 after buying an additional 460,701 shares during the period. FMR LLC boosted its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $ 22,373,000 after buying an additional 368,800 shares during the period. 89.54% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) opened at 61.84 on Tuesday. Harley-Davidson Inc has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm’s 50-day moving average price is $ 58.06 and its 200 day moving average price is $ 56.71. The company has a market capitalization of $ 10.80 billion, a price-to-earnings ratio of 16.15 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm earned $ 1.11 billion during the quarter, compared to analyst estimates of $ 972.47 million. During the same period last year, the firm earned $ 0.22 EPS. Harley-Davidson’s quarterly revenue was down 7.4% on a year-over-year basis. On average, equities research analysts expect that Harley-Davidson Inc will post $ 3.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Wednesday, February 15th were issued a $ 0.365 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $ 0.35. The ex-dividend date was Monday, February 13th. This represents a $ 1.46 annualized dividend and a dividend yield of 2.36%. Harley-Davidson’s payout ratio is 38.22%.
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Several analysts recently issued reports on HOG shares. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a report on Monday, December 19th. Morgan Stanley reiterated an “overweight” rating and set a $ 59.00 price objective (down from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Wedbush reiterated a “hold” rating and set a $ 53.00 price objective (up from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Finally, Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and a consensus price target of $ 55.41.
In other news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock valued at $ 5,912,378 in the last three months. 0.99% of the stock is owned by company 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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