WP Advisors LLC acquired a new stake in shares of Harley-Davidson Inc (NYSE:HOG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,827 shares of the company’s stock, valued at approximately $65,000.
Several other institutional investors have also recently modified their holdings of the company. DNB Asset Management AS grew its position in shares of Harley-Davidson by 40.0% during the first quarter. DNB Asset Management AS now owns 23,262 shares of the company’s stock valued at $830,000 after purchasing an additional 6,651 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Harley-Davidson by 63.7% during the first quarter. Pacer Advisors Inc. now owns 55,484 shares of the company’s stock valued at $1,978,000 after purchasing an additional 21,598 shares in the last quarter. CHICAGO TRUST Co NA grew its position in shares of Harley-Davidson by 30.0% during the first quarter. CHICAGO TRUST Co NA now owns 57,060 shares of the company’s stock valued at $2,034,000 after purchasing an additional 13,172 shares in the last quarter. CenturyLink Investment Management Co grew its position in shares of Harley-Davidson by 10.5% during the first quarter. CenturyLink Investment Management Co now owns 32,158 shares of the company’s stock valued at $1,147,000 after purchasing an additional 3,064 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Harley-Davidson by 14.7% during the fourth quarter. Deutsche Bank AG now owns 466,690 shares of the company’s stock valued at $15,919,000 after purchasing an additional 59,806 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.
A number of research analysts have recently weighed in on HOG shares. Wells Fargo & Co cut their price objective on Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Tuesday, December 18th. ValuEngine lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. William Blair reiterated a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Finally, KeyCorp reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.46.
HOG traded down $0.05 on Monday, hitting $40.17. The company had a trading volume of 26,923 shares, compared to its average volume of 2,533,887. The firm has a market cap of $6.41 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.37 and a beta of 1.14. Harley-Davidson Inc has a 12-month low of $31.36 and a 12-month high of $46.79. The company has a current ratio of 1.25, a quick ratio of 1.09 and a debt-to-equity ratio of 2.76.
Harley-Davidson (NYSE:HOG) last released its quarterly 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 company had revenue of $955.63 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Harley-Davidson had a return on equity of 30.76% and a net margin of 9.30%. The company’s revenue was up 91173.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 EPS. On average, research analysts forecast that Harley-Davidson Inc will post 3.59 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were given a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.50 annualized dividend and a yield of 3.73%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s dividend payout ratio (DPR) is currently 39.68%.
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.
Further Reading: Preferred Stock
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