Norinchukin Bank The lowered its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,778 shares of the company’s stock after selling 922 shares during the period. Norinchukin Bank The’s holdings in Harley-Davidson were worth $ 2,407,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. raised its stake in 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 purchased a new stake in Harley-Davidson during the first quarter valued at approximately $ 201,000. Cpcm LLC purchased a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 203,000. Putnam Investments LLC purchased a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 204,000. Finally, KLCM Advisors Inc. purchased a new stake in Harley-Davidson during the third quarter valued at approximately $ 210,000. 89.54% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.27% on Friday, reaching $ 52.62. The company’s stock had a trading volume of 2,321,412 shares. The stock has a market capitalization of $ 9.26 billion, a P/E ratio of 15.00 and a beta of 0.88. The company has a 50 day moving average of $ 57.56 and a 200 day moving average of $ 58.49. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. 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 business earned $ 1.36 earnings per share. The business’s revenue was down 15.7% on a year-over-year basis. Equities research analysts expect that Harley-Davidson Inc will post $ 3.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.77%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
Several research firms have recently issued reports on HOG. UBS Group AG restated a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a report on Monday, April 17th. Morgan Stanley restated an “overweight” rating and set a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Barclays PLC restated an “equal weight” rating and set a $ 52.00 price objective (down previously 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 Friday, March 17th. Finally, Wedbush upped their price objective on shares of Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and an average target price 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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