PGGM Investments raised its position in shares of Harley-Davidson Inc. (NYSE:HOG) by 29.1% during the second quarter, Holdings Channel reports. The institutional investor owned 777,640 shares of the company’s stock after buying an additional 175,384 shares during the period. PGGM Investments’ holdings in Harley-Davidson were worth $35,227,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Harley-Davidson during the fourth quarter worth about $84,485,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Harley-Davidson by 6.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,827 shares of the company’s stock worth $2,301,000 after buying an additional 2,725 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in Harley-Davidson by 4.2% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 44,806 shares of the company’s stock worth $2,300,000 after buying an additional 1,802 shares during the period. OLD National Bancorp IN purchased a new position in Harley-Davidson during the first quarter worth $371,000. Finally, Sii Investments Inc. WI increased its position in Harley-Davidson by 29.8% in the first quarter. Sii Investments Inc. WI now owns 8,116 shares of the company’s stock worth $416,000 after buying an additional 1,862 shares during the period. 94.90% of the stock is currently owned by institutional investors.
Harley-Davidson Inc. (NYSE:HOG) traded down 1.58% during midday trading on Monday, hitting $51.69. The company’s stock had a trading volume of 1,158,620 shares. The company’s 50 day moving average price is $52.74 and its 200 day moving average price is $48.78. The firm has a market cap of $9.33 billion, a P/E ratio of 13.75 and a beta of 1.09. Harley-Davidson Inc. has a 12 month low of $36.36 and a 12 month high of $57.33.
Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm earned $1.86 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned $1.44 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Analysts expect that Harley-Davidson Inc. will post $3.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.71%. Harley-Davidson’s payout ratio is 36.65%.
A number of research analysts recently weighed in on HOG shares. Goldman Sachs Group Inc. downgraded Harley-Davidson from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $50.00 in a research note on Thursday, June 23rd. Vetr downgraded Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 price target on the stock. in a research note on Tuesday, July 5th. Citigroup Inc. upped their price target on Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research note on Tuesday, July 5th. Finally, Wells Fargo & Co. downgraded Harley-Davidson from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $51.40.
In other news, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the transaction, the insider now directly owns 16,922 shares in the company, valued at $900,758.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
Harley-Davidson Company Profile
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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