Commerce Bank boosted its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,168 shares of the company’s stock after buying an additional 270 shares during the period. Commerce Bank’s holdings in Harley-Davidson were worth $ 373,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dodge & Cox bought a new position in shares of Harley-Davidson during the fourth quarter worth approximately $ 517,798,000. Independent Franchise Partners LLP increased its position in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares in the last quarter. State Street Corp increased its position in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares in the last quarter. LSV Asset Management increased its position in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock worth $ 242,267,000 after buying an additional 80,843 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Harley-Davidson by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 2,789,866 shares of the company’s stock worth $ 168,787,000 after buying an additional 328,480 shares in the last quarter. 89.54% of the stock is owned by institutional investors.
Harley-Davidson Inc (NYSE:HOG) traded up 0.89% during midday trading on Friday, hitting $ 52.32. The stock had a trading volume of 1,797,835 shares. The stock has a 50-day moving average price of $ 56.13 and a 200 day moving average price of $ 58.32. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a market cap of $ 9.21 billion, a PE ratio of 14.92 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for 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%. The business’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the business posted $ 1.36 EPS. On average, analysts predict that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a dividend yield of 2.79%. 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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A number of equities analysts have recently commented on HOG shares. Citigroup Inc lowered 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. Morgan Stanley reissued an “overweight” rating and set a $ 59.00 price objective (down from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Royal Bank of Canada upped their price target on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a report on Wednesday, April 5th. Finally, Goldman Sachs Group Inc reaffirmed a “neutral” rating and issued a $ 55.00 price target (down from $ 57.00) 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 issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $ 56.12.
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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