Insight 2811 Inc. reduced its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the company’s stock after selling 300 shares during the period. Insight 2811 Inc.’s holdings in Harley-Davidson were worth $ 726,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased 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 during the period. Suntrust Banks Inc. increased its position in shares of Harley-Davidson by 9.5% in the third quarter. Suntrust Banks Inc. now owns 7,616 shares of the company’s stock worth $ 399,000 after buying an additional 660 shares during the period. KLCM Advisors Inc. acquired a new position in shares of Harley-Davidson during the third quarter worth about $ 210,000. Check Capital Management Inc. CA increased 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 during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $ 302,000 after buying an additional 20 shares during the period. 89.54% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded up 1.00% during midday trading on Wednesday, hitting $ 56.78. The stock had a trading volume of 946,529 shares. The company has a market cap of $ 9.99 billion, a PE ratio of 16.19 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. The stock’s 50 day moving average price is $ 58.92 and its 200-day moving average price is $ 58.62.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The firm had revenue of $ 1.33 billion for 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 company’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $ 1.36 earnings per share. Equities research analysts predict 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 paid a dividend of $ 0.365 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.60%. Harley-Davidson’s dividend payout ratio is 38.22%.
HOG has been the topic of a number of research reports. Jefferies Group LLC restated a “hold” rating and issued a $ 49.00 price target on shares of Harley-Davidson in a report on Thursday, April 6th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 54.00 target price on shares of Harley-Davidson in a report on Tuesday, April 18th. Sanford C. Bernstein lowered their target price on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. UBS Group AG reiterated a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a report on Monday, April 17th. Finally, Royal Bank of Canada lowered their target price on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $ 56.12.
In other news, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is currently owned by corporate insiders.
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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