Becker Capital Management Inc. cut its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 322,410 shares of the company’s stock after selling 38,098 shares during the period. Becker Capital Management Inc. owned 0.18% of Harley-Davidson worth $ 18,809,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 valued at $ 101,000 after buying an additional 5 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of 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 valued at $ 302,000 after buying an additional 20 shares in the last quarter. Concert Wealth Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $ 261,000 after buying an additional 28 shares in the last quarter. World Asset Management Inc increased 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 valued at $ 983,000 after buying an additional 121 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in shares of Harley-Davidson by 1.9% in the third quarter. Sigma Planning Corp now owns 6,621 shares of the company’s stock valued at $ 348,000 after buying an additional 126 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson Inc (NYSE:HOG) opened at 56.91 on Wednesday. The stock’s 50 day moving average price is $ 60.14 and its 200 day moving average price is $ 58.09. The company has a market capitalization of $ 9.94 billion, a PE ratio of 14.86 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 also was the target of unusually large options trading on Monday. Traders bought 4,888 put options on the company. This is an increase of approximately 482% compared to the typical volume of 840 put options.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The business earned $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $ 1.36 EPS. On average, equities research analysts forecast that Harley-Davidson Inc will post $ 3.85 earnings per share for the current year.
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Several equities research analysts have issued reports on the company. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 price target on shares of Harley-Davidson in a report on Tuesday. Jefferies Group LLC reissued a “hold” rating and set a $ 49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. UBS Group AG reissued a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a report on Monday. Argus reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Barclays PLC reissued an “underweight” rating and set a $ 53.00 target price (up previously from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $ 56.41.
In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction on 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 completion of the sale, 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. In the last three months, insiders sold 103,960 shares of company stock valued at $ 5,912,378. Corporate 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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