Wedbush Securities Inc. cut its stake in Harley-Davidson Inc (NYSE:HOG) by 24.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,378 shares of the company’s stock after selling 1,120 shares during the period. Wedbush Securities Inc.’s holdings in Harley-Davidson were worth $ 204,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of HOG. NN Investment Partners Holdings N.V. increased its stake 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 in the last quarter. Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at $ 201,000. Appleton Group LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at $ 210,000. Cpcm LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at $ 203,000. Finally, Putnam Investments LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at $ 204,000. 89.54% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded down 2.07% during mid-day trading on Wednesday, hitting $ 52.99. The stock had a trading volume of 1,934,603 shares. The firm has a market cap of $ 9.33 billion, a P/E ratio of 15.11 and a beta of 0.88. The stock has a 50-day moving average price of $ 58.01 and a 200 day moving average price of $ 58.57. Harley-Davidson Inc has a 12-month low of $ 41.63 and a 12-month high of $ 63.40.
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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period last year, the firm earned $ 1.36 EPS. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. Equities analysts anticipate 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. Stockholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
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Several equities research analysts have weighed in on the company. Royal Bank of Canada set a $ 58.00 price target on Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc reduced their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Barclays PLC restated an “equal weight” rating and issued a $ 52.00 price objective (down from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. One equities research 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. The company currently has a consensus 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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