Check Capital Management Inc. CA lowered its position in Harley-Davidson Inc (NYSE:HOG) by 88.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,635 shares of the company’s stock after selling 178,266 shares during the period. Harley-Davidson makes up 0.1% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 26th largest position. Check Capital Management Inc. CA’s holdings in Harley-Davidson were worth $ 1,369,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HOG. NN Investment Partners Holdings N.V. increased its position in Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock worth $ 178,000 after buying an additional 1,853 shares during the period. Stokes & Hubbell Capital Management LLC purchased a new position in Harley-Davidson during the first quarter worth $ 201,000. Cpcm LLC purchased a new position in Harley-Davidson during the fourth quarter worth $ 203,000. Putnam Investments LLC purchased a new position in Harley-Davidson during the fourth quarter worth $ 204,000. Finally, KLCM Advisors Inc. purchased a new position in Harley-Davidson during the third quarter worth $ 210,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 2.07% during mid-day trading on Wednesday, reaching $ 52.99. The company’s stock had a trading volume of 1,934,603 shares. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a market cap of $ 9.33 billion, a PE ratio of 15.11 and a beta of 0.88. The firm’s 50 day moving average is $ 58.01 and its 200 day moving average is $ 58.57.
Harley-Davidson (NYSE:HOG) last released 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 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 company earned $ 1.36 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities analysts anticipate 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. Shareholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a yield of 2.76%. 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 topic of a number of research analyst reports. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Citigroup Inc reduced their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Barclays PLC reiterated an “equal weight” rating and set a $ 52.00 target price (down previously from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Argus reiterated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Royal Bank of Canada set a $ 58.00 target price on Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company. Harley-Davidson has an average rating of “Hold” and an average target price 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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