New Mexico Educational Retirement Board lowered its position in shares of Harley-Davidson Inc (NYSE:HOG) by 6.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,829 shares of the company’s stock after selling 1,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Harley-Davidson were worth $ 1,079,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of HOG. Dodge & Cox purchased a new position in shares of Harley-Davidson during the fourth quarter worth $ 517,798,000. Independent Franchise Partners LLP increased its stake in 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 in the last quarter. State Street Corp raised its position in 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 in the last quarter. LSV Asset Management raised its position in 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 in the last quarter. Finally, Kiltearn Partners LLP increased its stake in Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock valued at $ 155,120,000 after buying an additional 183,300 shares during the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.27% on Friday, reaching $ 52.62. 2,321,412 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $ 57.32 and its 200-day moving average price is $ 58.46. The company has a market capitalization of $ 9.26 billion, a P/E ratio of 15.00 and a beta of 0.88. Harley-Davidson Inc has a 12 month low of $ 41.63 and a 12 month 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, 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 firm had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. During the same quarter in the prior year, the company posted $ 1.36 earnings per share. The firm’s revenue was down 15.7% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson Inc will post $ 3.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a $ 0.365 dividend. 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 dividend payout ratio is currently 38.22%.
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A number of research firms have recently commented on HOG. Royal Bank of Canada set a $ 58.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Citigroup Inc dropped their price target on shares of 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 report on Friday, April 21st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company. The company has an average 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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