Xact Kapitalforvaltning AB raised its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 20.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,724 shares of the company’s stock after buying an additional 5,910 shares during the period. Xact Kapitalforvaltning AB’s holdings in Harley-Davidson were worth $ 2,101,000 at the end of the most recent reporting period.
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 approximately $ 517,798,000. Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 115,866,000. AKO Capital LLP acquired a new stake in shares of Harley-Davidson during the first quarter valued at approximately $ 26,336,000. FMR LLC raised its stake in shares of 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 during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of 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 during the last quarter. 89.54% of the stock is currently owned by institutional investors.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 2.13% during trading on Thursday, reaching $ 55.54. The company had a trading volume of 1,471,205 shares. The firm has a market capitalization of $ 9.78 billion, a P/E ratio of 15.84 and a beta of 0.88. The firm’s 50 day moving average price is $ 58.76 and its 200 day moving average price is $ 58.62. Harley-Davidson Inc has a 12 month low of $ 41.63 and a 12 month high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the prior year, the company posted $ 1.36 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. Equities analysts predict that Harley-Davidson Inc will post $ 3.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is presently 38.22%.
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HOG has been the topic of several research analyst reports. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Stifel Nicolaus reissued a “hold” rating and issued a $ 63.00 price objective (up from $ 58.00) on shares of Harley-Davidson in a report on Friday, April 14th. Deutsche Bank AG reissued a “hold” rating and issued a $ 50.00 price objective (down from $ 52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Longbow Research raised Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 15th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and issued a $ 54.00 price objective on shares of Harley-Davidson in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $ 56.12.
In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the transaction, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.99% of the company’s stock.
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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