Dodge & Cox Invests $517.798 Million in Harley-Davidson Inc (HOG)

Dodge & Cox purchased a new position in Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,875,523 shares of the company’s stock, valued at approximately $ 517,798,000. Dodge & Cox owned approximately 5.08% of Harley-Davidson as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HOG. Bronfman E.L. Rothschild L.P. increased its position in Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock worth $ 101,000 after buying an additional 5 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $ 302,000 after buying an additional 20 shares during the period. Concert Wealth Management Inc. increased its position in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Harley-Davidson by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,454 shares of the company’s stock worth $ 429,000 after buying an additional 114 shares during the period. Finally, World Asset Management Inc boosted its stake in shares of Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock worth $ 983,000 after buying an additional 121 shares in the last quarter. 89.54% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Harley-Davidson Inc (NYSE:HOG) traded up 1.53% on Monday, reaching $ 61.84. The company’s stock had a trading volume of 4,141,779 shares. The firm has a 50 day moving average of $ 59.77 and a 200 day moving average of $ 57.77. The firm has a market cap of $ 10.80 billion, a price-to-earnings ratio of 16.15 and a beta of 0.88. Harley-Davidson Inc has a 12 month low of $ 41.63 and a 12 month high of $ 63.40.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. The company had revenue of $ 1.11 billion for the quarter, compared to analysts’ expectations of $ 972.47 million. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $ 0.22 EPS. Analysts anticipate that Harley-Davidson Inc will post $ 3.85 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on HOG shares. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a research note on Monday, December 19th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. Harley-Davidson has an average rating of “Hold” and a consensus price target of $ 55.65.

In related news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction that occurred on Friday, February 10th. The stock was 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 of the company’s stock, valued at $ 314,148.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is owned by insiders.

Harley-Davidson Company Profile

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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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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