Morningstar Investment Services LLC reduced its position in Harley-Davidson Inc (NYSE:HOG) by 86.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,818 shares of the company’s stock after selling 61,420 shares during the period. Morningstar Investment Services LLC’s holdings in Harley-Davidson were worth $ 594,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Teza Capital Management LLC bought a new stake in Harley-Davidson during the first quarter worth approximately $ 376,000. Appleton Group LLC bought a new stake in Harley-Davidson during the first quarter worth approximately $ 210,000. British Columbia Investment Management Corp boosted its stake in Harley-Davidson by 6.2% in the first quarter. British Columbia Investment Management Corp now owns 79,387 shares of the company’s stock worth $ 4,803,000 after buying an additional 4,611 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Harley-Davidson by 8.5% in the first quarter. UBS Asset Management Americas Inc. now owns 480,527 shares of the company’s stock worth $ 29,072,000 after buying an additional 37,779 shares during the period. Finally, World Asset Management Inc boosted its stake in Harley-Davidson by 18.5% in the first quarter. World Asset Management Inc now owns 20,360 shares of the company’s stock worth $ 1,232,000 after buying an additional 3,172 shares during the period. Institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 2.12% during midday trading on Monday, reaching $ 54.04. 3,238,884 shares of the company traded hands. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The stock has a market capitalization of $ 9.51 billion, a P/E ratio of 15.41 and a beta of 0.88. The stock’s 50-day moving average is $ 58.36 and its 200-day moving average is $ 58.57.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the prior year, the company posted $ 1.36 EPS. Harley-Davidson’s quarterly revenue was down 15.7% on a year-over-year basis. Equities analysts predict that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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Several analysts have commented on HOG shares. Sanford C. Bernstein decreased their price objective on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. 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. Deutsche Bank AG restated a “hold” rating and set a $ 50.00 price objective (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Royal Bank of Canada decreased their price objective on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and a consensus 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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