OLD National Bancorp IN increased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 22.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,250 shares of the company’s stock after buying an additional 1,313 shares during the period. OLD National Bancorp IN’s holdings in Harley-Davidson were worth $ 439,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of HOG. Stratos Wealth Partners LTD. boosted its position in Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock worth $ 2,058,000 after buying an additional 665 shares during the last quarter. FMR LLC boosted its position in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares during the last quarter. Independent Franchise Partners LLP boosted its position 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 worth $ 459,909,000 after buying an additional 127,052 shares during the last quarter. Tyers Asset Management LLC bought a new position in Harley-Davidson during the fourth quarter worth $ 902,000. Finally, Kentucky Retirement Systems bought a new position in Harley-Davidson during the fourth quarter worth $ 748,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Harley-Davidson Inc (NYSE:HOG) traded up 1.02% during midday trading on Friday, hitting $ 56.19. The company had a trading volume of 1,665,065 shares. The company has a 50-day moving average of $ 59.29 and a 200 day moving average of $ 58.51. Harley-Davidson Inc has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The firm has a market capitalization of $ 9.89 billion, a PE ratio of 16.02 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The company earned $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $ 1.36 EPS. On average, analysts expect 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. Shareholders of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
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A number of research analysts recently commented on the company. Citigroup Inc lowered their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Morgan Stanley reissued an “overweight” rating and issued a $ 59.00 price target (down from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush reissued a “hold” rating and issued a $ 53.00 price target (up from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Finally, Royal Bank of Canada boosted their price target on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $ 56.12.
In other news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the sale, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the completion of the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock valued at $ 5,912,378 over the last three months. Company insiders own 0.99% of the company’s stock.
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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