Quantitative Investment Management LLC raised its position in shares of Harley-Davidson Inc (NYSE:HOG) by 64.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,300 shares of the company’s stock after buying an additional 57,700 shares during the period. Quantitative Investment Management LLC owned approximately 0.08% of Harley-Davidson worth $ 8,911,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Morgan Stanley increased its position in shares of Harley-Davidson by 23.1% in the third quarter. Morgan Stanley now owns 953,315 shares of the company’s stock worth $ 50,135,000 after buying an additional 178,755 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Harley-Davidson by 0.5% in the third quarter. Principal Financial Group Inc. now owns 279,963 shares of the company’s stock worth $ 14,723,000 after buying an additional 1,375 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Harley-Davidson by 9.5% in the third quarter. Suntrust Banks Inc. now owns 7,616 shares of the company’s stock worth $ 399,000 after buying an additional 660 shares in the last quarter. KLCM Advisors Inc. acquired a new position in shares of Harley-Davidson during the third quarter worth $ 210,000. Finally, Check Capital Management Inc. CA increased its position in shares of Harley-Davidson by 8.6% in the third quarter. Check Capital Management Inc. CA now owns 193,901 shares of the company’s stock worth $ 10,197,000 after buying an additional 15,404 shares in the last quarter. Institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.27% during trading on Friday, reaching $ 52.62. The company’s stock had a trading volume of 2,321,412 shares. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The company has a market cap of $ 9.26 billion, a PE ratio of 15.00 and a beta of 0.88. The stock’s 50 day moving average price is $ 57.56 and its 200 day moving average price is $ 58.49.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The firm had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $ 1.36 EPS. Equities research analysts predict that Harley-Davidson Inc will post $ 3.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders 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 2.77%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
A number of equities analysts have recently weighed in on the company. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Royal Bank of Canada upped their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $ 49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. 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 company’s stock. The company presently has a consensus 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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