Nationwide Fund Advisors cut its stake in Harley-Davidson Inc. (NYSE:HOG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,801 shares of the company’s stock after selling 1,324 shares during the period. Nationwide Fund Advisors’ holdings in Harley-Davidson were worth $2,347,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Boston Private Wealth LLC raised its position in Harley-Davidson by 0.5% in the second quarter. Boston Private Wealth LLC now owns 6,360 shares of the company’s stock valued at $288,000 after buying an additional 30 shares in the last quarter. Fulton Bank N.A. raised its position in Harley-Davidson by 0.7% in the second quarter. Fulton Bank N.A. now owns 9,249 shares of the company’s stock valued at $419,000 after buying an additional 66 shares in the last quarter. Somerset Trust Co raised its position in Harley-Davidson by 0.5% in the second quarter. Somerset Trust Co now owns 18,984 shares of the company’s stock valued at $860,000 after buying an additional 103 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Harley-Davidson by 1.5% in the second quarter. Mutual of America Capital Management LLC now owns 20,927 shares of the company’s stock valued at $948,000 after buying an additional 317 shares in the last quarter. Finally, Sigma Planning Corp raised its position in Harley-Davidson by 5.1% in the second quarter. Sigma Planning Corp now owns 6,495 shares of the company’s stock valued at $294,000 after buying an additional 318 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded down 0.08% on Tuesday, hitting $50.48. The stock had a trading volume of 68,910 shares. The stock has a market cap of $9.12 billion, a PE ratio of 13.43 and a beta of 1.05. The company has a 50 day moving average price of $52.01 and a 200-day moving average price of $48.97. Harley-Davidson Inc. has a 12 month low of $36.36 and a 12 month high of $57.33.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Harley-Davidson Inc. will post $3.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s payout ratio is 36.65%.
Several equities analysts have recently issued reports on HOG shares. Vetr lowered Harley-Davidson from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a report on Tuesday, October 4th. Jefferies Group started coverage on Harley-Davidson in a report on Friday, September 30th. They issued a “hold” rating and a $49.00 target price for the company. Sanford C. Bernstein started coverage on Harley-Davidson in a report on Thursday, September 8th. They issued an “outperform” rating and a $64.00 target price for the company. Citigroup Inc. upped their target price on Harley-Davidson from $51.00 to $62.00 and gave the company a “buy” rating in a report on Monday, August 29th. Finally, TheStreet lowered Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $51.16.
In other news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction 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 sale, the insider now owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction 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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