Teachers Advisors LLC boosted its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,645 shares of the company’s stock after buying an additional 13,353 shares during the period. Teachers Advisors LLC owned about 0.15% of Harley-Davidson worth $ 15,673,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. River & Mercantile Asset Management LLP purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $ 2,958,000. Dodge & Cox bought a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 517,798,000. Norges Bank bought a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 115,866,000. Putnam Investments LLC bought a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 204,000. Finally, Numeric Investors LLC bought a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 473,000. Institutional investors and hedge funds own 89.54% of the company’s stock.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the previous year, the business posted $ 1.36 earnings per share. The business’s revenue was down 15.7% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is currently 38.22%.
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HOG has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $ 63.00 price target (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Deutsche Bank AG reaffirmed a “hold” rating and set a $ 50.00 price target (down previously from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 price target on shares of Harley-Davidson in a research report on Tuesday, April 18th. Finally, Longbow Research raised Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the stock. Harley-Davidson 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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