Baird Financial Group Inc. cut its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 40.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,982 shares of the company’s stock after selling 319,107 shares during the period. Baird Financial Group Inc. owned approximately 0.27% of Harley-Davidson worth $ 28,797,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. increased its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $ 178,000 after buying an additional 1,853 shares in the last quarter. Stokes & Hubbell Capital Management LLC bought a new stake in Harley-Davidson during the first quarter worth about $ 201,000. Cpcm LLC bought a new stake in Harley-Davidson during the fourth quarter worth about $ 203,000. Putnam Investments LLC bought a new stake in Harley-Davidson during the fourth quarter worth about $ 204,000. Finally, KLCM Advisors Inc. bought a new stake in Harley-Davidson during the third quarter worth about $ 210,000. Institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 1.59% during midday trading on Wednesday, reaching $ 52.00. 2,253,172 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $ 56.86 and its 200 day moving average price is $ 58.45. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a market capitalization of $ 9.15 billion, a PE ratio of 14.83 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period in the prior year, the company posted $ 1.36 EPS. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities research analysts expect that Harley-Davidson Inc will post $ 3.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.81%. Harley-Davidson’s payout ratio is 38.22%.
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A number of analysts recently issued reports on the stock. Royal Bank of Canada set a $ 58.00 price objective on shares of Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc decreased their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Argus restated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Barclays PLC restated an “underweight” rating and set a $ 53.00 price objective (up previously from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $ 56.12.
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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