Trexquant Investment LP increased its position in Harley-Davidson Inc (NYSE:HOG) by 72.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,900 shares of the company’s stock after buying an additional 11,300 shares during the period. Trexquant Investment LP’s holdings in Harley-Davidson were worth $ 1,627,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in HOG. NN Investment Partners Holdings N.V. boosted its stake 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 valued at $ 178,000 after buying an additional 1,853 shares during the period. Stokes & Hubbell Capital Management LLC acquired a new stake in Harley-Davidson during the first quarter valued at approximately $ 201,000. Appleton Group LLC acquired a new stake in Harley-Davidson during the first quarter valued at approximately $ 210,000. Cpcm LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 203,000. Finally, Putnam Investments LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 204,000. 89.54% of the stock is currently owned by institutional investors.
Harley-Davidson Inc (NYSE:HOG) traded up 0.48% during trading on Tuesday, reaching $ 52.84. The company’s stock had a trading volume of 1,382,637 shares. The stock has a 50-day moving average of $ 57.11 and a 200 day moving average of $ 58.47. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a market capitalization of $ 9.30 billion, a P/E ratio of 15.07 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $ 1.36 EPS. On average, equities research analysts predict that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.76%. Harley-Davidson’s payout ratio is 38.22%.
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Several research firms recently commented on HOG. Royal Bank of Canada set a $ 58.00 price objective on Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, February 1st. Citigroup Inc dropped their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Barclays PLC reaffirmed an “equal weight” rating and set a $ 52.00 price objective (down from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. 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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