Glen Harbor Capital Management LLC Buys 18672 Shares of Harley-Davidson Inc (HOG)

Glen Harbor Capital Management LLC raised its position in Harley-Davidson Inc (NYSE:HOG) by 166.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,920 shares of the company’s stock after buying an additional 18,672 shares during the period. Glen Harbor Capital Management LLC’s holdings in Harley-Davidson were worth $ 1,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its position in shares of 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. Concert Wealth Management Inc. increased its stake in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares during the last quarter. Fulton Bank N.A. increased its stake in Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $ 561,000 after buying an additional 38 shares during the last quarter. World Asset Management Inc increased its stake in Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock worth $ 983,000 after buying an additional 121 shares during the last quarter. Finally, Hartford Investment Management Co. increased its stake in Harley-Davidson by 0.3% in the third quarter. Hartford Investment Management Co. now owns 43,029 shares of the company’s stock worth $ 2,263,000 after buying an additional 128 shares during the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Harley-Davidson Inc (NYSE HOG) remained flat at $ 53.01 during trading on Wednesday. The stock had a trading volume of 1,466,483 shares. The company has a 50 day moving average price of $ 55.46 and a 200 day moving average price of $ 58.24. Harley-Davidson Inc has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The company has a market cap of $ 9.33 billion, a price-to-earnings ratio of 15.12 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last issued 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $ 1.36 earnings per share. On average, analysts predict that Harley-Davidson Inc will post $ 3.75 EPS for the current year.

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.75%. Harley-Davidson’s payout ratio is 38.22%.

ILLEGAL ACTIVITY NOTICE: “Glen Harbor Capital Management LLC Buys 18,672 Shares of Harley-Davidson Inc (HOG)” was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2017/05/31/glen-harbor-capital-management-llc-buys-18672-shares-of-harley-davidson-inc-hog-updated-updated-updated.html.

A number of analysts have commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $ 49.00 target price on shares of Harley-Davidson in a research report on Thursday, April 6th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 54.00 target price on shares of Harley-Davidson in a research report on Tuesday, April 18th. Sanford C. Bernstein decreased their target price on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. UBS Group AG reiterated a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a research report on Monday, April 17th. Finally, Royal Bank of Canada decreased their target price on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $ 56.12.

About Harley-Davidson

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 & 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 companies with MarketBeat.com’s FREE daily email newsletter.

Let’s block ads! (Why?)

Google Alert – harley davidson news

Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Leave a Reply

Your email address will not be published. Required fields are marked *