Carl Domino Inc decreased its position in Harley-Davidson Inc (NYSE:HOG) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,730 shares of the company’s stock after selling 3,140 shares during the period. Harley-Davidson makes up 1.5% of Carl Domino Inc’s investment portfolio, making the stock its 24th largest position. Carl Domino Inc’s holdings in Harley-Davidson were worth $ 1,375,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of HOG. Suntrust Banks Inc. increased its position in Harley-Davidson by 9.5% in the third quarter. Suntrust Banks Inc. now owns 7,616 shares of the company’s stock valued at $ 399,000 after buying an additional 660 shares during the last quarter. KLCM Advisors Inc. purchased a new position in Harley-Davidson during the third quarter valued at $ 210,000. Check Capital Management Inc. CA increased its position 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 valued at $ 10,197,000 after buying an additional 15,404 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position 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 valued at $ 302,000 after buying an additional 20 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock valued at $ 6,410,000 after buying an additional 5,659 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson Inc (NYSE:HOG) traded up 1.12% on Tuesday, reaching $ 56.16. The company had a trading volume of 1,378,168 shares. The stock has a market capitalization of $ 9.88 billion, a PE ratio of 16.01 and a beta of 0.88. The company has a 50 day moving average price of $ 59.21 and a 200 day moving average price of $ 58.49. Harley-Davidson Inc has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period in the prior year, the company earned $ 1.36 earnings per share. The business’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
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Several equities analysts recently weighed in on the company. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Raymond James Financial, Inc. raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. DA Davidson raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Royal Bank of Canada raised their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $ 49.00 price objective on shares of Harley-Davidson in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and a consensus target price of $ 56.12.
In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.99% of the stock is owned by corporate 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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