Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 18.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 743,615 shares of the company’s stock after selling 172,803 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.42% of Harley-Davidson worth $ 44,989,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of HOG. Dodge & Cox acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at about $ 517,798,000. Norges Bank purchased a new position in Harley-Davidson during the fourth quarter valued at $ 115,866,000. AKO Capital LLP purchased a new position in Harley-Davidson during the first quarter valued at $ 26,336,000. FMR LLC boosted its position in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $ 22,373,000 after buying an additional 368,800 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.
Shares of Harley-Davidson Inc (NYSE:HOG) traded up 0.48% during midday trading on Tuesday, reaching $ 52.84. The company’s stock had a trading volume of 1,382,637 shares. The stock’s 50-day moving average is $ 57.11 and its 200-day moving average is $ 58.47. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The company has a market capitalization of $ 9.30 billion, a P/E ratio of 15.07 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. During the same period last year, the business posted $ 1.36 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis. On average, equities analysts expect that Harley-Davidson Inc will post $ 3.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders 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 2.76%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
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HOG has been the subject of several research analyst reports. Citigroup Inc cut their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Morgan Stanley restated an “overweight” rating and set a $ 59.00 price target (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Royal Bank of Canada raised 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 restated a “neutral” rating and set a $ 55.00 price target (down previously from $ 57.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average price target 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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