Putnam Investments LLC bought a new stake in Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,500 shares of the company’s stock, valued at approximately $204,000.
A number of other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position in Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock valued at $302,000 after buying an additional 20 shares during the period. Concert Wealth Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $261,000 after buying an additional 28 shares during the period. World Asset Management Inc increased its stake in shares of Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock valued at $983,000 after buying an additional 121 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of Harley-Davidson by 1.9% in the third quarter. Sigma Planning Corp now owns 6,621 shares of the company’s stock valued at $348,000 after buying an additional 126 shares during the period. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson Inc (NYSE:HOG) opened at 60.69 on Wednesday. Harley-Davidson Inc has a 1-year low of $41.63 and a 1-year high of $63.40. The stock has a market cap of $10.60 billion, a P/E ratio of 15.85 and a beta of 0.88. The company’s 50-day moving average price is $58.77 and its 200-day moving average price is $57.16.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.04. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $972.47 million. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. Analysts predict that Harley-Davidson Inc will post $3.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 3rd. Shareholders of record on Wednesday, February 15th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, February 13th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.35. Harley-Davidson’s payout ratio is currently 38.22%.
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HOG has been the topic of several recent research reports. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Monday, December 5th. Goldman Sachs Group Inc restated a “neutral” rating and set a $57.00 price target on shares of Harley-Davidson in a report on Monday, December 19th. Wedbush restated a “hold” rating and set a $53.00 price target (up previously from $48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Royal Bank of Canada cut their price target on Harley-Davidson from $66.00 to $58.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 1st. Finally, Barclays PLC restated an “underweight” rating and set a $53.00 price target (up previously from $45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $55.41.
In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $56.56, for a total transaction of $172,451.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the director now owns 5,523 shares in the company, valued at approximately $314,148.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,960 shares of company stock worth $5,912,378. 0.99% of the stock is currently owned by insiders.
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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Published at Wed, 29 Mar 2017 14:26:15 +0000