Neuburgh Advisers LLC raised its stake in Harley-Davidson Inc (NYSE:HOG) by 166.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 63,580 shares of the company’s stock after buying an additional 39,678 shares during the period. Neuburgh Advisers LLC’s holdings in Harley-Davidson were worth $ 3,847,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dodge & Cox acquired a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Independent Franchise Partners LLP boosted its position in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp boosted its position in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares during the last quarter. LSV Asset Management boosted its position in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Harley-Davidson by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 2,789,866 shares of the company’s stock valued at $ 168,787,000 after buying an additional 328,480 shares during the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Harley-Davidson Inc (NYSE:HOG) traded up 0.89% during trading on Friday, reaching $ 52.32. 1,797,835 shares of the company’s stock traded hands. The company’s 50 day moving average is $ 56.13 and its 200-day moving average is $ 58.32. The stock has a market cap of $ 9.21 billion, a price-to-earnings ratio of 14.92 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 data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period in the prior year, the firm earned $ 1.36 earnings per share. The company’s revenue was down 15.7% compared to the same quarter last year. On average, analysts anticipate that Harley-Davidson Inc will post $ 3.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is presently 38.22%.
Several research analysts recently commented on HOG shares. Citigroup Inc reduced their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Argus restated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Royal Bank of Canada increased their price target on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $ 50.00 price target (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up previously from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. One 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. The company presently has an average rating of “Hold” and a consensus target price of $ 56.12.
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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