Henderson Group PLC Sells 4763 Shares of Harley-Davidson Inc (HOG)

Henderson Group PLC reduced its stake in Harley-Davidson Inc (NYSE:HOG) by 20.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,601 shares of the company’s stock after selling 4,763 shares during the period. Henderson Group PLC’s holdings in Harley-Davidson were worth $ 1,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HOG. 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 $ 201,000. Cpcm LLC acquired a new position in shares of Harley-Davidson during the fourth quarter valued at $ 203,000. Putnam Investments LLC acquired a new position in shares of Harley-Davidson during the fourth quarter valued at $ 204,000. Finally, KLCM Advisors Inc. acquired a new position in shares of Harley-Davidson during the third quarter valued at $ 210,000. Institutional investors own 89.54% of the company’s stock.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson Inc (NYSE:HOG) opened at 52.62 on Friday. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The firm has a 50-day moving average price of $ 57.32 and a 200-day moving average price of $ 58.46. The firm has a market capitalization of $ 9.26 billion, a PE ratio of 15.00 and a beta of 0.88.

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, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $ 1.36 EPS. On average, analysts forecast that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.

The business 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 $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.77%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.

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HOG has been the subject of several analyst reports. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research 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 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 stock a “hold” rating in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $ 56.12.

About Harley-Davidson

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.

12 Month Chart for NYSE:HOG

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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