Becker Capital Management Inc. reduced its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 322,410 shares of the company’s stock after selling 38,098 shares during the period. Becker Capital Management Inc. owned approximately 0.18% of Harley-Davidson worth $18,809,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter valued at $517,798,000. Independent Franchise Partners LLP boosted its stake in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $459,909,000 after buying an additional 127,052 shares in the last quarter. State Street Corp boosted its stake in Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $465,771,000 after buying an additional 89,330 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock valued at $150,281,000 after buying an additional 60,156 shares in the last quarter. Finally, Kiltearn Partners LLP boosted its stake in Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock valued at $155,120,000 after buying an additional 183,300 shares in the last quarter. 89.54% of the stock is owned by institutional investors.
Harley-Davidson Inc (NYSE:HOG) opened at 60.60 on Thursday. The firm’s 50 day moving average price is $58.88 and its 200-day moving average price is $57.18. Harley-Davidson Inc has a one year low of $41.63 and a one year high of $63.40. The company has a market capitalization of $10.58 billion, a PE ratio of 15.82 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its 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. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $972.47 million. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. Equities analysts forecast that Harley-Davidson Inc will post $3.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 3rd. Investors of record on Wednesday, February 15th were issued a dividend of $0.365 per share. The ex-dividend date was Monday, February 13th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.35. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.41%. Harley-Davidson’s payout ratio is presently 38.22%.
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Several equities research analysts have recently weighed in on HOG shares. Citigroup Inc reduced their price objective on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Goldman Sachs Group Inc reissued a “neutral” rating and issued a $57.00 price objective on shares of Harley-Davidson in a research report on Monday, December 19th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Finally, Royal Bank of Canada reduced their price objective on 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. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and an average target price of $55.41.
In other Harley-Davidson news, 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 of the company’s stock, valued at approximately $125,115. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 5,523 shares in the company, valued at $314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $5,912,378 over the last three months. 0.99% of the stock is owned by 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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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Published at Thu, 30 Mar 2017 16:07:30 +0000