Northern Capital Management LLC Buys Shares of 21,235 Harley-Davidson Inc (HOG)

Northern Capital Management LLC acquired a new stake in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,235 shares of the company’s stock, valued at approximately $1,285,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock valued at $6,410,000 after buying an additional 5,659 shares during the period. Todd Asset Management LLC raised its position in Harley-Davidson by 7.2% in the third quarter. Todd Asset Management LLC now owns 286,060 shares of the company’s stock valued at $15,044,000 after buying an additional 19,206 shares during the period. Stratos Wealth Partners LTD. raised its position in Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock valued at $2,058,000 after buying an additional 665 shares during the period. Independent Franchise Partners LLP raised its position in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $459,909,000 after buying an additional 127,052 shares during the period. Finally, State of Wisconsin Investment Board raised its position in Harley-Davidson by 7.2% in the third quarter. State of Wisconsin Investment Board now owns 519,268 shares of the company’s stock valued at $27,308,000 after buying an additional 35,100 shares during the period. 89.54% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson Inc (NYSE:HOG) traded down 1.17% during trading on Friday, hitting $55.81. The stock had a trading volume of 2,908,376 shares. The firm has a market cap of $9.74 billion, a PE ratio of 14.57 and a beta of 0.88. Harley-Davidson Inc has a 52-week low of $41.63 and a 52-week high of $63.40. The stock 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 results on Tuesday, April 18th. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 EPS. On average, equities analysts anticipate that Harley-Davidson Inc will post $3.85 EPS for the current year.

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Several research analysts have recently weighed in on the company. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Raymond James Financial, Inc. raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. DA Davidson raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. Royal Bank of Canada lifted their price objective on Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price objective on shares of Harley-Davidson in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $56.29.

In other news, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction on Monday, February 6th. The shares were sold at an average price of $56.56, for a total transaction of $172,451.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $57.00, for a total transaction of $51,927.00. Following the transaction, the vice president now owns 2,195 shares in the company, valued at approximately $125,115. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $5,912,378 in the last quarter. Corporate insiders own 0.99% of the company’s stock.

About Harley-Davidson

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.

5 Day Chart for NYSE:HOG

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