State of Wisconsin Investment Board increased its stake in Harley-Davidson Inc (NYSE:HOG) by 33.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 601,889 shares of the company’s stock after buying an additional 149,667 shares during the period. State of Wisconsin Investment Board owned 0.34% of Harley-Davidson worth $ 36,414,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of HOG. Dodge & Cox bought a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Norges Bank bought a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $ 115,866,000. AKO Capital LLP bought a new position in shares of Harley-Davidson during the first quarter valued at approximately $ 26,336,000. FMR LLC increased its position in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $ 22,373,000 after buying an additional 368,800 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.43% during trading on Thursday, hitting $ 52.76. The company had a trading volume of 2,146,232 shares. The stock has a market capitalization of $ 9.29 billion, a P/E ratio of 15.04 and a beta of 0.88. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm’s 50 day moving average is $ 57.79 and its 200-day moving average is $ 58.53.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the prior year, the company earned $ 1.36 earnings per share. The firm’s revenue was down 15.7% on a year-over-year basis. Equities research analysts anticipate that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is presently 38.22%.
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Several research analysts have commented on HOG shares. Stifel Nicolaus restated a “hold” rating and issued a $ 63.00 target price (up previously from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Deutsche Bank AG restated a “hold” rating and issued a $ 50.00 target price (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 54.00 price target on shares of Harley-Davidson in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $ 56.12.
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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