Candriam Luxembourg S.C.A. increased its stake in Harley-Davidson Inc (NYSE:HOG) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,666 shares of the company’s stock after purchasing an additional 5,497 shares during the period. Candriam Luxembourg S.C.A. owned approximately 0.06% of Harley-Davidson worth $4,817,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in Harley-Davidson during the 3rd quarter worth about $166,000. IFG Advisory LLC bought a new stake in Harley-Davidson during the 4th quarter worth about $239,000. Parametrica Management Ltd bought a new stake in Harley-Davidson during the 3rd quarter worth about $269,000. IFM Investors Pty Ltd bought a new stake in Harley-Davidson during the 3rd quarter worth about $280,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Harley-Davidson by 22.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock worth $294,000 after buying an additional 1,100 shares in the last quarter. 95.87% of the stock is owned by hedge funds and other institutional investors.
Harley-Davidson Inc (NYSE HOG) traded down $0.06 during trading on Friday, reaching $46.61. 1,130,098 shares of the company’s stock traded hands, compared to its average volume of 3,310,000. The company has a market cap of $7,850.00, a PE ratio of 14.17, a P/E/G ratio of 1.56 and a beta of 0.84. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.06 and a current ratio of 1.23. Harley-Davidson Inc has a 52-week low of $44.52 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. equities analysts forecast that Harley-Davidson Inc will post 3.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s dividend payout ratio is presently 44.98%.
Harley-Davidson announced that its board has initiated a stock buyback program on Monday, February 5th that permits the company to buyback 15,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
Several equities research analysts have commented on the stock. Citigroup cut their price target on shares of Harley-Davidson from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Zacks Investment Research cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo & Co dropped their target price on shares of Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Finally, Stifel Nicolaus dropped their target price on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $52.00.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Paul J. Jones sold 870 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the transaction, the vice president now owns 3,399 shares in the company, valued at approximately $161,860.38. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
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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