Independent Advisor Alliance boosted its position in shares of Harley-Davidson Inc (NYSE:HOG) by 491.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,336 shares of the company’s stock after buying an additional 2,772 shares during the period. Independent Advisor Alliance’s holdings in Harley-Davidson were worth $ 200,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of HOG. Todd Asset Management LLC increased its position in shares of Harley-Davidson by 7.2% in the third quarter. Todd Asset Management LLC now owns 286,060 shares of the company’s stock worth $ 15,044,000 after buying an additional 19,206 shares during the last quarter. Check Capital Management Inc. CA increased its position in shares of Harley-Davidson by 8.6% in the third quarter. Check Capital Management Inc. CA now owns 193,901 shares of the company’s stock worth $ 10,197,000 after buying an additional 15,404 shares during the last quarter. KLCM Advisors Inc. bought a new position in shares of Harley-Davidson during the third quarter worth approximately $ 210,000. Suntrust Banks Inc. increased its position in shares of Harley-Davidson by 9.5% in the third quarter. Suntrust Banks Inc. now owns 7,616 shares of the company’s stock worth $ 399,000 after buying an additional 660 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Harley-Davidson by 0.5% in the third quarter. Principal Financial Group Inc. now owns 279,963 shares of the company’s stock worth $ 14,723,000 after buying an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.27% during midday trading on Thursday, hitting $ 51.86. The stock had a trading volume of 3,923,588 shares. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The stock has a market capitalization of $ 9.13 billion, a price-to-earnings ratio of 14.79 and a beta of 0.88. The stock has a 50 day moving average price of $ 56.60 and a 200-day moving average price of $ 58.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period last year, the company earned $ 1.36 EPS. The firm’s revenue was down 15.7% on a year-over-year basis. Equities research analysts anticipate 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. Stockholders of record on Thursday, May 25th will be given a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.82%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
A number of brokerages recently commented on HOG. UBS Group AG restated a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a research note on Monday, April 17th. Morgan Stanley restated an “overweight” rating and set a $ 59.00 price objective (down from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Barclays PLC restated an “equal weight” rating and set a $ 52.00 price objective (down from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Finally, Wedbush upped their price objective on Harley-Davidson from $ 53.00 to $ 55.00 and gave the stock a “neutral” rating in a research note on Monday, April 3rd. 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 presently has a consensus 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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