Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of Harley-Davidson Inc (NYSE:HOG) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,668 shares of the company’s stock after selling 3,755 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Harley-Davidson were worth $619,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Findlay Park Partners LLP boosted its stake in shares of Harley-Davidson by 77.8% during the 2nd quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the company’s stock valued at $134,656,000 after buying an additional 1,400,000 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Harley-Davidson during the 2nd quarter valued at $25,227,000. American Century Companies Inc. boosted its stake in shares of Harley-Davidson by 1,500.6% during the 3rd quarter. American Century Companies Inc. now owns 627,266 shares of the company’s stock valued at $28,415,000 after buying an additional 588,076 shares during the period. Strs Ohio boosted its stake in shares of Harley-Davidson by 353.8% during the 3rd quarter. Strs Ohio now owns 577,181 shares of the company’s stock valued at $26,146,000 after buying an additional 450,000 shares during the period. Finally, WBI Investments Inc. boosted its stake in shares of Harley-Davidson by 727.6% during the 3rd quarter. WBI Investments Inc. now owns 439,676 shares of the company’s stock valued at $19,917,000 after buying an additional 386,552 shares during the period. Hedge funds and other institutional investors own 88.35% of the company’s stock.
HOG has been the subject of a number of research reports. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. ValuEngine raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Citigroup decreased their target price on shares of Harley-Davidson from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a research note on Friday, October 19th. Finally, DA Davidson reaffirmed a “sell” rating on shares of Harley-Davidson in a research note on Tuesday, August 14th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $44.38.
HOG stock opened at $38.25 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.08 and a quick ratio of 0.95. Harley-Davidson Inc has a 1 year low of $35.76 and a 1 year high of $56.50. The firm has a market capitalization of $6.82 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.25. Harley-Davidson had a net margin of 9.30% and a return on equity of 33.57%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $0.40 EPS. Harley-Davidson’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that Harley-Davidson Inc will post 3.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 13th. Harley-Davidson’s dividend payout ratio is 42.29%.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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