Glen Harbor Capital Management LLC boosted its position in Harley-Davidson Inc (NYSE:HOG) by 166.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Dodge & Cox purchased a new position in Harley-Davidson during the fourth quarter worth about $ 517,798,000. Independent Franchise Partners LLP increased its stake 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 during the last quarter. State Street Corp increased its stake 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 during the last quarter. Kiltearn Partners LLP increased its stake in shares of Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock worth $ 155,120,000 after buying an additional 183,300 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Harley-Davidson during the fourth quarter worth $ 115,866,000. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded down 0.369% during mid-day trading on Friday, reaching $ 55.335. The company’s stock had a trading volume of 328,368 shares. The firm has a market capitalization of $ 9.74 billion, a PE ratio of 15.778 and a beta of 0.88. Harley-Davidson Inc has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock’s 50-day moving average is $ 58.65 and its 200-day moving average is $ 58.60.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the previous year, the business earned $ 1.36 EPS. Harley-Davidson’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson Inc will post $ 3.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given 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 is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is 38.22%.
A number of equities research analysts recently weighed in on HOG shares. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Deutsche Bank AG reiterated a “hold” rating and issued a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $ 54.00 price target on shares of Harley-Davidson in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Hold” and an average price target 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.
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