First Trust Advisors LP increased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,209 shares of the company’s stock after buying an additional 21,389 shares during the period. First Trust Advisors LP’s holdings in Harley-Davidson were worth $ 10,721,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. 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. FMR LLC boosted its stake in 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. Tyers Asset Management LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 902,000. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Finally, Kentucky Retirement Systems acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 748,000. Institutional investors own 89.54% of the company’s stock.
Harley-Davidson Inc (NYSE:HOG) traded up 1.12% during trading on Monday, hitting $ 53.21. The stock had a trading volume of 555,033 shares. The firm’s 50-day moving average price is $ 57.32 and its 200-day moving average price is $ 58.46. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The stock has a market cap of $ 9.37 billion, a PE ratio of 15.17 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data 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 the consensus estimate of $ 1.35 billion. During the same quarter in the prior year, the firm earned $ 1.36 EPS. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities research analysts predict that Harley-Davidson Inc will post $ 3.76 earnings per share for the current fiscal year.
The business 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 dividend of $ 0.365 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.77%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
HOG has been the subject of several recent analyst reports. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Citigroup Inc reduced their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Barclays PLC reissued an “equal weight” rating and issued a $ 52.00 price target (down from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Argus reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Royal Bank of Canada set a $ 58.00 price target on Harley-Davidson and gave the company a “hold” rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. The company currently 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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