Investment Counselors of Maryland LLC held its position in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,485 shares of the company’s stock at the end of the first quarter. Investment Counselors of Maryland LLC’s holdings in Harley-Davidson were worth $ 211,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOG. KAMES CAPITAL plc bought a new stake in shares of Harley-Davidson during the first quarter valued at approximately $ 828,000. Leavell Investment Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $ 335,000 after buying an additional 34 shares during the period. Shell Asset Management Co. increased its stake in shares of Harley-Davidson by 44.3% in the first quarter. Shell Asset Management Co. now owns 181,493 shares of the company’s stock valued at $ 10,980,000 after buying an additional 55,734 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Harley-Davidson by 147.1% in the first quarter. Janney Montgomery Scott LLC now owns 9,355 shares of the company’s stock worth $ 566,000 after buying an additional 5,569 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in shares of Harley-Davidson by 166.0% in the first quarter. Glen Harbor Capital Management LLC now owns 29,920 shares of the company’s stock worth $ 1,810,000 after buying an additional 18,672 shares during the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
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 company has a market capitalization of $ 9.26 billion, a PE ratio of 15.00 and a beta of 0.88. The company has a 50 day moving average price of $ 57.32 and a 200 day moving average price of $ 58.46.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results 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. The firm had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Harley-Davidson’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $ 1.36 earnings per share. Equities analysts predict that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given 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 yield of 2.77%. Harley-Davidson’s payout ratio is presently 38.22%.
A number of brokerages recently commented on HOG. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Raymond James Financial, Inc. raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. DA Davidson raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Royal Bank of Canada increased their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $ 49.00 price objective on shares of Harley-Davidson in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus 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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