Lourd Capital LLC raised its stake in shares of Harley-Davidson Inc. (NYSE:HOG) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,404 shares of the company’s stock after buying an additional 7 shares during the period. Lourd Capital LLC’s holdings in Harley-Davidson were worth $245,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Dodge & Cox increased its stake in shares of Harley-Davidson by 20.9% in the first quarter. Dodge & Cox now owns 9,327,733 shares of the company’s stock worth $478,793,000 after buying an additional 1,614,713 shares in the last quarter. Marathon Asset Management LLP increased its stake in shares of Harley-Davidson by 1.9% in the second quarter. Marathon Asset Management LLP now owns 1,477,217 shares of the company’s stock worth $66,921,000 after buying an additional 27,816 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Harley-Davidson by 10.5% in the second quarter. HL Financial Services LLC now owns 1,051,021 shares of the company’s stock worth $47,611,000 after buying an additional 99,490 shares in the last quarter. PGGM Investments increased its stake in shares of Harley-Davidson by 29.1% in the second quarter. PGGM Investments now owns 777,640 shares of the company’s stock worth $35,227,000 after buying an additional 175,384 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Harley-Davidson during the first quarter worth approximately $39,568,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.
Harley-Davidson Inc. (NYSE:HOG) traded up 1.27% on Wednesday, reaching $54.88. The company’s stock had a trading volume of 3,192,715 shares. Harley-Davidson Inc. has a 12 month low of $36.36 and a 12 month high of $57.33. The stock’s 50 day moving average price is $51.58 and its 200 day moving average price is $49.01. The company has a market cap of $9.91 billion, a P/E ratio of 14.60 and a beta of 1.05.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. Equities research analysts forecast that Harley-Davidson Inc. will post $3.87 earnings per share for the current 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 dividend on an annualized basis and a yield of 2.58%. Harley-Davidson’s payout ratio is 36.65%.
HOG has been the subject of a number of recent research reports. Vetr cut 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 initiated 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. UBS AG reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, October 14th. Sanford C. Bernstein initiated 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. Finally, Citigroup Inc. increased their target price on Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.47.
In related news, VP Paul J. Jones sold 2,517 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the sale, the insider now owns 16,922 shares of the company’s stock, valued at $900,758.06. The disclosure for this sale can be found here. 0.99% of the stock is 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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