River & Mercantile Asset Management LLP bought a new stake in Harley-Davidson Inc (NYSE:HOG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 50,700 shares of the company’s stock, valued at approximately $ 2,958,000.
Other large investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its stake in Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock valued at $ 2,058,000 after buying an additional 665 shares in the last quarter. Schroder Investment Management Group boosted its stake in Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock valued at $ 70,408,000 after buying an additional 1,111,788 shares in the last quarter. Westpac Banking Corp boosted its stake in Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock valued at $ 7,228,000 after buying an additional 18,840 shares in the last quarter. Boston Partners boosted its stake in Harley-Davidson by 9.3% in the third quarter. Boston Partners now owns 1,751,244 shares of the company’s stock valued at $ 92,098,000 after buying an additional 148,366 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new stake in Harley-Davidson during the third quarter valued at about $ 4,591,000. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded up 0.074% on Thursday, hitting $ 60.575. 320,226 shares of the stock were exchanged. The company has a market cap of $ 10.57 billion, a P/E ratio of 15.816 and a beta of 0.88. The company’s 50 day moving average price is $ 58.32 and its 200-day moving average price is $ 56.91. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $ 0.31 by $ 0.04. The business 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 firm’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $ 0.22 earnings per share. Equities research analysts predict that Harley-Davidson Inc will post $ 3.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 3rd. Investors of record on Wednesday, February 15th were issued a dividend of $ 0.365 per share. The ex-dividend date of this dividend was Monday, February 13th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $ 0.35. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.41%. Harley-Davidson’s payout ratio is presently 38.22%.
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HOG has been the topic of several research analyst reports. Citigroup Inc decreased their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Zacks Investment Research cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 6th. Morgan Stanley reissued an “overweight” rating and issued a $ 59.00 target price (down from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Wedbush reissued a “hold” rating and issued a $ 53.00 target price (up from $ 48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. Finally, Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company. Harley-Davidson has an average rating of “Hold” and an average target price of $ 55.41.
In related news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares in the company, valued at $ 125,115. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $ 5,912,378 over the last three months. 0.99% of the stock is 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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