Sigma Planning Corp lowered its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,088 shares of the company’s stock after selling 442 shares during the period. Sigma Planning Corp’s holdings in Harley-Davidson were worth $ 368,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. NN Investment Partners Holdings N.V. boosted its stake in shares of 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 in the last quarter. Stokes & Hubbell Capital Management LLC acquired a new stake in Harley-Davidson during the first quarter valued at $ 201,000. Cpcm LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at $ 203,000. Putnam Investments LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at $ 204,000. Finally, KLCM Advisors Inc. acquired a new stake in Harley-Davidson during the third quarter valued at $ 210,000. Institutional investors own 89.54% of the company’s stock.
Harley-Davidson Inc (NYSE:HOG) traded down 1.28% on Monday, hitting $ 55.47. The stock had a trading volume of 993,635 shares. The firm’s 50 day moving average price is $ 59.21 and its 200-day moving average price is $ 58.49. Harley-Davidson Inc has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock has a market cap of $ 9.76 billion, a PE ratio of 15.82 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm earned $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the prior year, the business posted $ 1.36 earnings per share. Harley-Davidson’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, analysts forecast that Harley-Davidson Inc will post $ 3.76 EPS for the current year.
The firm 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. This represents a $ 1.46 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is currently 38.22%.
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A number of research analysts have recently commented on the company. Jefferies Group LLC restated a “hold” rating and issued a $ 49.00 target price on shares of Harley-Davidson in a research note on Thursday, April 6th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 price objective on shares of Harley-Davidson in a research report on Tuesday, April 18th. Sanford C. Bernstein reduced their price objective on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. UBS Group AG reissued a “neutral” rating and issued a $ 57.00 target price on shares of Harley-Davidson in a report on Monday, April 17th. Finally, Royal Bank of Canada reduced their target price on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $ 56.12.
In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction on 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 owns 2,195 shares of the company’s stock, valued at $ 125,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate 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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