Bank of Hawaii decreased its stake in shares of Harley-Davidson Inc. (NYSE:HOG) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 36,515 shares of the company’s stock after selling 646 shares during the period. Bank of Hawaii’s holdings in Harley-Davidson were worth $1,654,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cutler Capital Management LLC boosted its stake 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. Stoneridge Investment Partners LLC bought a new stake in Harley-Davidson during the second quarter worth $259,000. Sigma Planning Corp boosted its stake in Harley-Davidson by 5.1% in the second quarter. Sigma Planning Corp now owns 6,495 shares of the company’s stock worth $294,000 after buying an additional 318 shares during the last quarter. Charter Trust Co. boosted its stake in Harley-Davidson by 35.0% in the second quarter. Charter Trust Co. now owns 6,504 shares of the company’s stock worth $295,000 after buying an additional 1,685 shares during the last quarter. Finally, Parthenon LLC boosted its stake in Harley-Davidson by 9.9% in the second quarter. Parthenon LLC now owns 6,675 shares of the company’s stock worth $302,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded up 1.486% during midday trading on Wednesday, reaching $54.995. 3,013,410 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $51.58 and a 200-day moving average of $49.01. The stock has a market capitalization of $9.93 billion, a P/E ratio of 14.634 and a beta of 1.05. 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 Tuesday, October 18th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. Harley-Davidson’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Analysts anticipate that Harley-Davidson Inc. will post $3.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 2.58%. Harley-Davidson’s dividend payout ratio (DPR) is currently 36.65%.
A number of analysts have weighed in on HOG shares. Wells Fargo & Co. cut shares of Harley-Davidson from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Vetr cut shares of Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 target price on the stock. in a research note on Monday, August 8th. RBC Capital Markets boosted their target price on shares of Harley-Davidson from $43.00 to $46.00 and gave the stock an “underperform” rating in a research note on Wednesday. Longbow Research cut shares of Harley-Davidson from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $52.57 to $40.00 in a research note on Monday, August 29th. Finally, UBS AG reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, October 14th. Five research 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. The company presently has a consensus rating of “Hold” and an average target price of $51.47.
In related news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $53.23, for a total value of $667,344.51. Following the sale, the insider now directly owns 16,922 shares in the company, valued at approximately $900,758.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction dated 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. 0.99% of the stock is currently owned by corporate 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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