Aviva PLC cut its stake in Harley-Davidson Inc (NYSE:HOG) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,308 shares of the company’s stock after selling 18,382 shares during the period. Aviva PLC’s holdings in Harley-Davidson were worth $2,126,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. LS Investment Advisors LLC raised its holdings in shares of Harley-Davidson by 1.5% in the 4th quarter. LS Investment Advisors LLC now owns 21,298 shares of the company’s stock worth $727,000 after buying an additional 315 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Harley-Davidson by 7.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,185 shares of the company’s stock worth $211,000 after buying an additional 450 shares in the last quarter. Claybrook Capital LLC raised its holdings in shares of Harley-Davidson by 41.3% in the 3rd quarter. Claybrook Capital LLC now owns 1,710 shares of the company’s stock worth $138,000 after buying an additional 500 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Harley-Davidson by 3.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,553 shares of the company’s stock worth $497,000 after buying an additional 525 shares in the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of Harley-Davidson by 58.7% in the 4th quarter. First Mercantile Trust Co. now owns 1,650 shares of the company’s stock worth $57,000 after buying an additional 610 shares in the last quarter. 88.27% of the stock is owned by institutional investors and hedge funds.
HOG has been the subject of a number of recent analyst reports. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Monday, January 21st. ValuEngine cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Friday, February 22nd. Robert W. Baird dropped their price target on Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, December 13th. Finally, Wells Fargo & Co dropped their price target on Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.00.
NYSE HOG opened at $36.44 on Friday. The firm has a market capitalization of $5.87 billion, a PE ratio of 9.64, a PEG ratio of 1.30 and a beta of 1.14. Harley-Davidson Inc has a 52 week low of $31.36 and a 52 week high of $46.79. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 2.76.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, January 29th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.16). The firm had revenue of $955.63 billion during the quarter, compared to analyst estimates of $1.05 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. The firm’s quarterly revenue was up 91173.4% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. As a group, equities research analysts expect that Harley-Davidson Inc will post 3.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, March 14th will be paid a $0.375 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.50 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Wednesday, March 13th. Harley-Davidson’s dividend payout ratio (DPR) is 39.15%.
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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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