BlackRock Advisors LLC cut its position in shares of Harley-Davidson Inc. (NYSE:HOG) by 17.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,947 shares of the company’s stock after selling 37,366 shares during the period. BlackRock Advisors LLC owned 0.10% of Harley-Davidson worth $8,197,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mizuho Asset Management Co. Ltd. raised its position in Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock worth $113,000 after buying an additional 929 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock worth $141,000 after buying an additional 2,417 shares during the last quarter. Cutler Capital Management LLC raised its position in Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock worth $181,000 after buying an additional 1,000 shares during the last quarter. Wedbush Securities Inc. raised its position in Harley-Davidson by 13.8% in the second quarter. Wedbush Securities Inc. now owns 4,758 shares of the company’s stock worth $216,000 after buying an additional 577 shares during the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in Harley-Davidson during the second quarter worth about $259,000. Institutional investors and hedge funds own 94.90% of the company’s stock.
Harley-Davidson Inc. (NYSE:HOG) opened at 50.02 on Wednesday. Harley-Davidson Inc. has a 12-month low of $36.36 and a 12-month high of $57.33. The firm’s 50-day moving average is $51.90 and its 200-day moving average is $48.98. The stock has a market capitalization of $9.03 billion, a P/E ratio of 13.31 and a beta of 1.05.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm posted $1.44 earnings per share. Harley-Davidson’s revenue was up 1.2% compared to the same quarter last year. Analysts predict that Harley-Davidson Inc. will post $3.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were given a $0.35 dividend. The ex-dividend date was Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 2.80%. Harley-Davidson’s payout ratio is 36.65%.
HOG has been the topic of several research analyst reports. Wells Fargo & Co. lowered shares of Harley-Davidson from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Vetr lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price target on the stock. in a research report on Monday, August 8th. Longbow Research lowered shares of Harley-Davidson from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $52.57 to $40.00 in a research report on Monday, August 29th. UBS AG restated a “neutral” rating and issued a $55.00 price target on shares of Harley-Davidson in a research report on Sunday, August 14th. Finally, Citigroup Inc. raised their price target on shares of Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.16.
In other news, VP Paul J. Jones sold 2,517 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lawrence G. Hund sold 12,537 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the transaction, the insider now directly owns 16,922 shares in the company, valued at approximately $900,758.06. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.
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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