Prudential Financial Inc. lessened its position in Harley-Davidson Inc (NYSE:HOG) by 0.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 146,775 shares of the company’s stock after selling 1,040 shares during the period. Prudential Financial Inc.’s holdings in Harley-Davidson were worth $5,259,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of Harley-Davidson in the 2nd quarter worth $1,259,000. LSV Asset Management increased its holdings in shares of Harley-Davidson by 2.5% in the 2nd quarter. LSV Asset Management now owns 4,180,390 shares of the company’s stock valued at $149,783,000 after purchasing an additional 100,079 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Harley-Davidson by 23.8% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,814 shares of the company’s stock valued at $961,000 after purchasing an additional 5,147 shares in the last quarter. Oxbow Advisors LLC increased its holdings in shares of Harley-Davidson by 56.9% in the 2nd quarter. Oxbow Advisors LLC now owns 12,885 shares of the company’s stock valued at $462,000 after purchasing an additional 4,675 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Harley-Davidson by 47.5% in the 2nd quarter. Janus Henderson Group PLC now owns 150,045 shares of the company’s stock valued at $5,375,000 after purchasing an additional 48,307 shares in the last quarter. Institutional investors own 93.97% of the company’s stock.
In other Harley-Davidson news, insider Mark R. Kornetzke sold 3,626 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $35.79, for a total transaction of $129,774.54. Following the completion of the transaction, the insider now directly owns 31,666 shares in the company, valued at approximately $1,133,326.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John A. Olin sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $35.96, for a total transaction of $1,078,800.00. Following the sale, the chief financial officer now directly owns 88,500 shares in the company, valued at $3,182,460. The disclosure for this sale can be found here. Insiders have sold a total of 45,510 shares of company stock valued at $1,626,297 over the last 90 days. 0.86% of the stock is currently owned by insiders.
A number of equities analysts have recently issued reports on HOG shares. KeyCorp reiterated a “hold” rating on shares of Harley-Davidson in a report on Friday, July 19th. Morgan Stanley cut their price target on shares of Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a report on Friday, July 26th. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 30th. Finally, Wedbush set a $35.00 price target on shares of Harley-Davidson and gave the company a “hold” rating in a report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.00.
NYSE:HOG traded up $0.72 during mid-day trading on Friday, hitting $36.77. 265,707 shares of the company’s stock traded hands, compared to its average volume of 1,458,646. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.03 and a current ratio of 1.15. The firm’s 50 day simple moving average is $33.17 and its 200 day simple moving average is $35.56. Harley-Davidson Inc has a 1 year low of $30.17 and a 1 year high of $46.22. The company has a market cap of $5.55 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.04. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts expect that Harley-Davidson Inc will post 3.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, September 16th. This represents a $1.50 annualized dividend and a yield of 4.08%. Harley-Davidson’s dividend payout ratio (DPR) is currently 39.68%.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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