Sumitomo Mitsui Trust Holdings Inc. raised its stake in Harley-Davidson Inc (NYSE:HOG) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 540,810 shares of the company’s stock after buying an additional 2,311 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of Harley-Davidson worth $ 32,719,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox acquired a new position in Harley-Davidson during the fourth quarter valued at about $ 517,798,000. Independent Franchise Partners LLP boosted its position in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp boosted its position in Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares during the last quarter. Kiltearn Partners LLP boosted its position in Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock valued at $ 155,120,000 after buying an additional 183,300 shares during the last quarter. Finally, Norges Bank acquired a new position in Harley-Davidson during the fourth quarter valued at about $ 115,866,000. Institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 1.37% on Monday, hitting $ 55.42. The company’s stock had a trading volume of 1,099,696 shares. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The company has a market cap of $ 9.75 billion, a price-to-earnings ratio of 15.80 and a beta of 0.88. The stock’s 50 day moving average is $ 59.21 and its 200-day moving average is $ 58.49.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the 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 firm had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period in the previous year, the company posted $ 1.36 EPS. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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A number of equities research analysts recently weighed in on the company. Citigroup Inc lowered their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Argus restated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Royal Bank of Canada upped their price target on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Deutsche Bank AG restated a “hold” rating and issued a $ 50.00 price target (down previously from $ 52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $ 63.00 price target (up previously from $ 58.00) on shares of Harley-Davidson in a report on Friday, April 14th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $ 56.12.
In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the sale, the vice president now owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
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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