Ontario Teachers Pension Plan Board lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 83.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 11,876 shares of the company’s stock after selling 59,077 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Harley-Davidson were worth $ 625,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Coronation Fund Managers Ltd. purchased a new stake in Harley-Davidson during the second quarter valued at approximately $ 19,664,000. Harris Associates L P raised its stake in Harley-Davidson by 163.3% in the second quarter. Harris Associates L P now owns 7,918,594 shares of the company’s stock valued at $ 358,713,000 after buying an additional 4,911,620 shares during the last quarter. Kiltearn Partners LLP purchased a new stake in Harley-Davidson during the second quarter valued at approximately $ 66,577,000. Vontobel Swiss Wealth Advisors AG purchased a new stake in Harley-Davidson during the second quarter valued at approximately $ 327,000. Finally, Dimensional Fund Advisors LP raised its stake in Harley-Davidson by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 969,886 shares of the company’s stock valued at $ 43,932,000 after buying an additional 11,818 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.
Harley-Davidson, Inc. (NYSE:HOG) traded up 1.02% on Friday, hitting $ 57.34. The stock had a trading volume of 1,615,836 shares. The stock’s 50 day moving average is $ 58.21 and its 200 day moving average is $ 55.72. Harley-Davidson, Inc. has a one year low of $ 39.09 and a one year high of $ 62.35. The stock has a market cap of $ 10.13 billion, a price-to-earnings ratio of 14.97 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.11 billion for the quarter, compared to analysts’ expectations of $ 972.47 million. During the same quarter last year, the company earned $ 0.22 EPS. Harley-Davidson’s revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts anticipate that Harley-Davidson, Inc. will post $ 3.86 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Wednesday, February 15th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, February 13th. This is a boost from Harley-Davidson’s previous quarterly dividend of $ 0.35. Harley-Davidson’s dividend payout ratio is 36.65%.
HOG has been the subject of several research analyst reports. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. RBC Capital Markets set a $ 58.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, February 1st. Barclays PLC reaffirmed an “underweight” rating and issued a $ 53.00 price objective (up from $ 45.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $ 50.00 price objective on shares of Harley-Davidson in a research report on Friday, October 14th. Finally, Royal Bank Of Canada decreased their price objective on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 1st. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $ 55.05.
In related news, insider Lawrence G. Hund sold 28,271 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $ 60.00, for a total transaction of $ 1,696,260.00. Following the transaction, the insider now owns 25,438 shares of the company’s stock, valued at $ 1,526,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joanne M. Bischmann sold 911 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value 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. Insiders have sold 37,268 shares of company stock worth $ 2,222,858 in the last ninety days. 0.99% of the stock is currently owned by corporate insiders.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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