Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Harley-Davidson Inc (NYSE:HOG) by 29.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,081 shares of the company’s stock after buying an additional 2,948 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Harley-Davidson were worth $ 791,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. raised its position in shares of 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 valued at $ 178,000 after buying an additional 1,853 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new position in shares of Harley-Davidson during the first quarter valued at approximately $ 201,000. Cpcm LLC acquired a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $ 203,000. Putnam Investments LLC acquired a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $ 204,000. Finally, KLCM Advisors Inc. acquired a new position in shares of Harley-Davidson during the third quarter valued at approximately $ 210,000. 89.54% of the stock is owned by institutional investors.
Shares of Harley-Davidson Inc (NYSE:HOG) traded up 0.83% during mid-day trading on Friday, hitting $ 52.29. 530,113 shares of the stock traded hands. The stock has a 50-day moving average of $ 56.37 and a 200-day moving average of $ 58.35. The company has a market cap of $ 9.20 billion, a price-to-earnings ratio of 14.91 and a beta of 0.88. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for 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%. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $ 1.36 EPS. Analysts anticipate 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. Stockholders of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.82%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
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HOG has been the subject of several recent analyst reports. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Citigroup Inc lowered their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Barclays PLC reiterated an “equal weight” rating and issued a $ 52.00 price objective (down previously from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Finally, Royal Bank of Canada set a $ 58.00 price objective on Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and a consensus price target 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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