Stifel Financial Corp cut its position in Harley-Davidson Inc (NYSE:HOG) by 9.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 81,998 shares of the company’s stock after selling 8,841 shares during the period. Stifel Financial Corp’s holdings in Harley-Davidson were worth $ 4,957,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. boosted its position in 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 worth $ 178,000 after buying an additional 1,853 shares during the last quarter. Independent Advisor Alliance boosted its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $ 200,000 after buying an additional 2,772 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new position in Harley-Davidson during the first quarter worth $ 201,000. Cpcm LLC acquired a new position in Harley-Davidson during the fourth quarter worth $ 203,000. Finally, Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter worth $ 204,000. 89.54% of the stock is owned by institutional investors.
Harley-Davidson Inc (HOG) remained flat at $ 53.01 during midday trading on Wednesday. 1,466,483 shares of the company traded hands. The firm has a 50-day moving average price of $ 55.73 and a 200-day moving average price of $ 58.27. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a market capitalization of $ 9.33 billion, a price-to-earnings ratio of 15.12 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period in the previous year, the firm posted $ 1.36 EPS. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. Equities research analysts expect that Harley-Davidson Inc will post $ 3.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.75%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
A number of brokerages have commented on HOG. UBS Group AG reissued a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a report on Monday, April 17th. Morgan Stanley reissued an “overweight” rating and set a $ 59.00 target price (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Barclays PLC reissued an “equal weight” rating and set a $ 52.00 target price (down previously from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Finally, Wedbush increased their target price on Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price 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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