SeaBridge Investment Advisors LLC boosted its position in shares of Harley-Davidson Inc (NYSE:HOG) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,508 shares of the company’s stock after buying an additional 5,800 shares during the period. Harley-Davidson makes up approximately 1.3% of SeaBridge Investment Advisors LLC’s holdings, making the stock its 26th largest position. SeaBridge Investment Advisors LLC owned 0.05% of Harley-Davidson worth $ 5,597,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HOG. Stratos Wealth Partners LTD. raised its position in shares of Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock worth $ 2,058,000 after buying an additional 665 shares in the last quarter. Westpac Banking Corp raised its position in shares of Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock worth $ 7,228,000 after buying an additional 18,840 shares in the last quarter. FMR LLC raised its position in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of Harley-Davidson by 166.1% in the third quarter. State of Tennessee Treasury Department now owns 108,796 shares of the company’s stock worth $ 5,722,000 after buying an additional 67,906 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded down 4.19% during midday trading on Tuesday, reaching $ 56.91. The company’s stock had a trading volume of 8,263,631 shares. The firm has a market cap of $ 9.94 billion, a price-to-earnings ratio of 14.86 and a beta of 0.88. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a 50 day moving average price of $ 60.15 and a 200 day moving average price of $ 58.06. Harley-Davidson also was the target of unusually large options trading on Monday. Stock traders acquired 4,888 put options on the company. This represents an increase of approximately 482% compared to the typical daily volume of 840 put options.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share 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 return on equity of 35.38% and a net margin of 13.13%. The company’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $ 1.36 EPS. On average, equities research analysts expect that Harley-Davidson Inc will post $ 3.85 EPS for the current year.
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HOG has been the topic of several analyst reports. Citigroup Inc dropped their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $ 59.00 target price (down from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush reaffirmed a “hold” rating and set a $ 53.00 target price (up from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Finally, Royal Bank of Canada raised their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and an average target price of $ 56.41.
In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the stock in a transaction 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 sale, the director now owns 5,523 shares in the company, valued at approximately $ 314,148.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $ 172,451.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,960 shares of company stock worth $ 5,912,378. 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.