Exxonmobil Investment Management Inc. TX reduced its position in Harley-Davidson Inc (NYSE:HOG) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 39,160 shares of the company’s stock after selling 1,757 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Harley-Davidson were worth $2,369,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in Harley-Davidson during the first quarter worth $255,000. Fulton Bank N.A. boosted its stake in Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $561,000 after buying an additional 38 shares during the period. Manning & Napier Advisors LLC boosted its stake in Harley-Davidson by 14.0% in the first quarter. Manning & Napier Advisors LLC now owns 32,778 shares of the company’s stock worth $1,982,000 after buying an additional 4,014 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Harley-Davidson by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,097 shares of the company’s stock worth $9,202,000 after buying an additional 4,305 shares during the period. Finally, F&V Capital Management LLC boosted its stake in Harley-Davidson by 6.5% in the first quarter. F&V Capital Management LLC now owns 93,140 shares of the company’s stock worth $5,635,000 after buying an additional 5,700 shares during the period. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) opened at 56.47 on Friday. Harley-Davidson Inc has a one year low of $41.63 and a one year high of $63.40. The firm has a market capitalization of $9.86 billion, a PE ratio of 14.74 and a beta of 0.88. The firm has a 50 day moving average of $60.09 and a 200 day moving average of $58.06.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the firm earned $1.36 EPS. Harley-Davidson’s quarterly revenue was down 15.7% compared to the same quarter last year. Equities analysts forecast that Harley-Davidson Inc will post $3.85 EPS for the current year.
A number of research firms recently weighed in on HOG. Deutsche Bank AG reaffirmed a “hold” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a report on Thursday. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Thursday. Royal Bank of Canada lowered their target price on shares of Harley-Davidson from $60.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Wedbush lowered their target price on shares of Harley-Davidson from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $54.00 target price on shares of Harley-Davidson in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $56.29.
In related news, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $57.00, for a total value of $51,927.00. Following the completion of the transaction, the vice president now directly owns 2,195 shares in the company, valued at approximately $125,115. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $56.88, for a total value of $5,688,000.00. Following the completion of the transaction, the director now owns 5,523 shares of the company’s stock, valued at $314,148.24. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock valued at $5,912,378 over the last quarter. 0.99% of the stock is owned by 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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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