Comerica Bank boosted its position in Harley-Davidson Inc (NYSE:HOG) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,553 shares of the company’s stock after buying an additional 1,487 shares during the period. Comerica Bank’s holdings in Harley-Davidson were worth $ 2,992,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of HOG. Check Capital Management Inc. CA raised its position in shares of Harley-Davidson by 8.6% in the third quarter. Check Capital Management Inc. CA now owns 193,901 shares of the company’s stock worth $ 10,197,000 after buying an additional 15,404 shares in the last quarter. KLCM Advisors Inc. purchased a new position in shares of Harley-Davidson during the third quarter worth approximately $ 210,000. Principal Financial Group Inc. raised its position in shares of Harley-Davidson by 0.5% in the third quarter. Principal Financial Group Inc. now owns 279,963 shares of the company’s stock worth $ 14,723,000 after buying an additional 1,375 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Harley-Davidson by 63.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,254 shares of the company’s stock worth $ 1,959,000 after buying an additional 14,403 shares in the last quarter. Finally, Dynamic Capital Management Ltd purchased a new position in shares of Harley-Davidson during the third quarter worth approximately $ 5,022,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Harley-Davidson Inc (NYSE:HOG) remained flat at $ 53.01 during midday trading on Wednesday. The stock had a trading volume of 1,466,483 shares. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a 50 day moving average of $ 55.73 and a 200 day moving average of $ 58.27. The company has a market capitalization of $ 9.33 billion, a price-to-earnings ratio of 15.12 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the firm earned $ 1.36 EPS. Equities analysts anticipate that Harley-Davidson Inc will post $ 3.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders 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 dividend yield of 2.75%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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HOG has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 1st. Goldman Sachs Group Inc restated a “neutral” rating and issued a $ 55.00 target price (down previously from $ 57.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Barclays PLC restated an “underweight” rating and issued a $ 53.00 target price (up previously from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Morgan Stanley restated an “overweight” rating and issued a $ 59.00 target price (down previously from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $ 56.12.
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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