Hennessy Advisors Inc. cut its stake in Harley-Davidson Inc (NYSE:HOG) by 18.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,900 shares of the company’s stock after selling 8,100 shares during the period. Hennessy Advisors Inc.’s holdings in Harley-Davidson were worth $ 2,232,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HOG. KAMES CAPITAL plc purchased a new position in shares of Harley-Davidson during the first quarter valued at about $ 828,000. Leavell Investment Management Inc. boosted its position in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $ 335,000 after buying an additional 34 shares during the period. Shell Asset Management Co. boosted its position in shares of Harley-Davidson by 44.3% in the first quarter. Shell Asset Management Co. now owns 181,493 shares of the company’s stock valued at $ 10,980,000 after buying an additional 55,734 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Harley-Davidson by 147.1% in the first quarter. Janney Montgomery Scott LLC now owns 9,355 shares of the company’s stock valued at $ 566,000 after buying an additional 5,569 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Harley-Davidson by 166.0% in the first quarter. Glen Harbor Capital Management LLC now owns 29,920 shares of the company’s stock valued at $ 1,810,000 after buying an additional 18,672 shares during the period. 89.54% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.50% during mid-day trading on Tuesday, reaching $ 56.11. 774,384 shares of the company traded hands. The firm has a market capitalization of $ 9.88 billion, a price-to-earnings ratio of 16.00 and a beta of 0.88. The firm has a 50-day moving average price of $ 59.76 and a 200 day moving average price of $ 58.51. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the company earned $ 1.36 EPS. On average, analysts anticipate that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.59%. Harley-Davidson’s payout ratio is 38.22%.
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Several research analysts have issued reports on the stock. Sanford C. Bernstein decreased their target price on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a report on Friday, April 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $ 52.00 target price (down from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $ 50.00 target price (down from $ 52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Finally, Royal Bank of Canada decreased their target price on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $ 56.12.
In other news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the sale, the vice president now directly owns 2,195 shares in the company, valued at approximately $ 125,115. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $ 5,912,378 in the last ninety days. 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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