Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 5723 Harley-Davidson Inc (HOG)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,723 shares of the company’s stock, valued at approximately $ 334,000.

Other large investors also recently modified their holdings of the company. 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 during the period. 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 during the period. 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 during the period. 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 during the period. Finally, Hartford Investment Management Co. increased its stake in shares of Harley-Davidson by 0.3% in the third quarter. Hartford Investment Management Co. now owns 43,029 shares of the company’s stock valued at $ 2,263,000 after buying an additional 128 shares during the period. Hedge funds and other institutional investors own 89.54% of the company’s stock.

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

Harley-Davidson Inc (NYSE:HOG) traded up 1.02% during mid-day trading on Friday, hitting $ 56.19. 1,729,673 shares of the company’s stock were exchanged. The stock has a market cap of $ 9.89 billion, a PE ratio of 16.02 and a beta of 0.88. The stock’s 50 day moving average price is $ 59.29 and its 200-day moving average price is $ 58.51. Harley-Davidson Inc has a 12 month low of $ 41.63 and a 12 month high of $ 63.40.

 

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter last year, the firm earned $ 1.36 EPS. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. Equities analysts expect that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is currently 38.22%.

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Several research analysts have recently commented on HOG shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $ 49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 target price on shares of Harley-Davidson in a report on Tuesday, April 18th. Sanford C. Bernstein lowered their target price on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. UBS Group AG reaffirmed a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a report on Monday, April 17th. Finally, Royal Bank of Canada lowered their target price on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $ 56.12.

In related news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the transaction, 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. 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.

5 Day Chart for NYSE:HOG

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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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