Birmingham Capital Management Co. Inc. AL continued to hold its position in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 21,025 shares of the company’s stock at the end of the first quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Harley-Davidson were worth $ 1,272,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Harley-Davidson by 0.5% in the third quarter. Principal Financial Group Inc. now owns 279,963 shares of the company’s stock valued at $ 14,723,000 after buying an additional 1,375 shares during the period. Suntrust Banks Inc. boosted its stake in Harley-Davidson by 9.5% in the third quarter. Suntrust Banks Inc. now owns 7,616 shares of the company’s stock worth $ 399,000 after buying an additional 660 shares in the last quarter. KLCM Advisors Inc. bought a new stake in Harley-Davidson during the third quarter worth approximately $ 210,000. Check Capital Management Inc. CA boosted its stake in Harley-Davidson by 8.6% in the third quarter. Check Capital Management Inc. CA now owns 193,901 shares of the company’s stock worth $ 10,197,000 after buying an additional 15,404 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $ 302,000 after buying an additional 20 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 2.12% during midday trading on Monday, hitting $ 54.04. The stock had a trading volume of 3,238,884 shares. The firm has a 50-day moving average of $ 58.36 and a 200 day moving average of $ 58.57. Harley-Davidson Inc has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm has a market cap of $ 9.51 billion, a PE ratio of 15.41 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the company earned $ 1.36 EPS. On average, analysts expect that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.70%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
A number of analysts recently commented on HOG shares. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Stifel Nicolaus reiterated a “hold” rating and set a $ 63.00 price objective (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Deutsche Bank AG reiterated a “hold” rating and set a $ 50.00 price objective (down previously from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 54.00 price objective on shares of Harley-Davidson in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus 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.
Receive News & Stock Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related stocks with our FREE daily email newsletter.