Federated Investors Inc. PA lowered its stake in Harley-Davidson Inc (NYSE:HOG) by 62.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,271 shares of the company’s stock after selling 50,253 shares during the period. Federated Investors Inc. PA’s holdings in Harley-Davidson were worth $ 1,766,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of HOG. Dimensional Fund Advisors LP increased its position in Harley-Davidson by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,000,239 shares of the company’s stock worth $ 58,354,000 after buying an additional 18,727 shares in the last quarter. Private Advisor Group LLC increased its position in Harley-Davidson by 34.2% in the fourth quarter. Private Advisor Group LLC now owns 7,810 shares of the company’s stock worth $ 453,000 after buying an additional 1,990 shares in the last quarter. 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 worth $ 465,771,000 after buying an additional 89,330 shares in the last quarter. Loudon Investment Management LLC acquired a new position in shares of Harley-Davidson during the fourth quarter worth approximately $ 222,000. Finally, Comerica Bank increased its position in shares of Harley-Davidson by 19.0% in the fourth quarter. Comerica Bank now owns 50,066 shares of the company’s stock worth $ 2,940,000 after buying an additional 8,009 shares in the last quarter. Institutional investors own 89.54% of the company’s stock.
Harley-Davidson Inc (NYSE:HOG) traded down 0.84% during trading on Friday, reaching $ 60.50. 2,951,485 shares of the company traded hands. The company has a market cap of $ 10.56 billion, a PE ratio of 15.80 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. The company’s 50-day moving average is $ 59.11 and its 200 day moving average is $ 57.27.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share 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 the consensus estimate of $ 972.47 million. During the same period in the prior year, the business posted $ 0.22 earnings per share. Harley-Davidson’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts anticipate that Harley-Davidson Inc will post $ 3.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Shareholders of record on Wednesday, February 15th were issued a dividend of $ 0.365 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $ 0.35. The ex-dividend date of this dividend was Monday, February 13th. This represents a $ 1.46 annualized dividend and a yield of 2.41%. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.
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HOG has been the topic of several analyst reports. Citigroup Inc dropped their price target on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Argus reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Goldman Sachs Group Inc reaffirmed a “neutral” rating and issued a $ 57.00 price target on shares of Harley-Davidson in a report on Monday, December 19th. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Finally, Royal Bank of Canada cut their price objective on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company. Harley-Davidson has an average rating of “Hold” and an average price target of $ 55.41.
In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The transaction 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 stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the sale, the director now owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock valued at $ 5,912,378 in the last ninety days. Insiders own 0.99% of the company’s stock.
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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