Two Sigma Investments LP bought a new position in shares of Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,065 shares of the company’s stock, valued at approximately $646,000.
Other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group boosted its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $70,408,000 after buying an additional 1,111,788 shares in the last quarter. FMR LLC boosted its stake 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. Renaissance Technologies LLC boosted its stake in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock worth $22,373,000 after buying an additional 368,800 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Harley-Davidson by 53.8% in the third quarter. TIAA CREF Investment Management LLC now owns 897,409 shares of the company’s stock worth $47,195,000 after buying an additional 313,981 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Harley-Davidson by 1,593.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 302,854 shares of the company’s stock worth $17,664,000 after buying an additional 284,971 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) opened at 61.01 on Friday. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 15.93 and a beta of 0.88. The company’s 50 day moving average is $59.00 and its 200-day moving average is $57.21. 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 quarterly earnings results on Tuesday, January 31st. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business earned $1.11 billion during the quarter, compared to analyst estimates of $972.47 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts expect that Harley-Davidson Inc will post $3.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Wednesday, February 15th were given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, February 13th. Harley-Davidson’s payout ratio is presently 38.22%.
HOG has been the subject of a number of research reports. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $57.00 target price on shares of Harley-Davidson in a report on Monday, December 19th. 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. 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, Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $55.41.
In other news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction that occurred on Friday, February 10th. The shares were 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 in the company, valued at $314,148.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $56.56, for a total transaction of $172,451.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,960 shares of company stock valued at $5,912,378. 0.99% of the stock is owned by company 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.
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Published at Fri, 31 Mar 2017 13:50:07 +0000