Baird Financial Group Inc. trimmed its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,221 shares of the company’s stock after selling 9,281 shares during the period. Baird Financial Group Inc.’s holdings in Harley-Davidson were worth $3,420,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in shares of Harley-Davidson during the third quarter worth about $166,000. IFG Advisory LLC bought a new position in shares of Harley-Davidson during the fourth quarter worth about $239,000. Parametrica Management Ltd bought a new position in shares of Harley-Davidson during the third quarter worth about $269,000. IFM Investors Pty Ltd bought a new position in shares of Harley-Davidson during the third quarter worth about $280,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Harley-Davidson by 22.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock worth $294,000 after acquiring an additional 1,100 shares during the last quarter. 95.87% of the stock is currently owned by institutional investors.
In other news, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the transaction, the vice president now owns 3,399 shares in the company, valued at approximately $161,860.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. Harley-Davidson’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. equities analysts forecast that Harley-Davidson Inc will post 3.75 earnings per share for the current fiscal year.
Harley-Davidson declared that its board has authorized a stock buyback plan on Monday, February 5th that allows the company to buyback 15,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.37 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. Harley-Davidson’s dividend payout ratio (DPR) is 44.98%.
Several research firms have recently commented on HOG. Wedbush lowered their price target on shares of Harley-Davidson to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, January 10th. Stifel Nicolaus restated a “hold” rating and set a $54.00 price target (up previously from $49.00) on shares of Harley-Davidson in a research report on Wednesday, January 17th. Citigroup lowered their price target on shares of Harley-Davidson from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Zacks Investment Research lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Co lowered their price target on shares of Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $52.00.
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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