Seeyond decreased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 37.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,329 shares of the company’s stock after selling 14,232 shares during the quarter. Seeyond’s holdings in Harley-Davidson were worth $836,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cibc World Markets Corp boosted its position in shares of Harley-Davidson by 30.8% during the 2nd quarter. Cibc World Markets Corp now owns 27,644 shares of the company’s stock worth $990,000 after acquiring an additional 6,517 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Harley-Davidson by 5.4% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,088 shares of the company’s stock worth $326,000 after acquiring an additional 464 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of Harley-Davidson by 5.4% during the 2nd quarter. Tyers Asset Management LLC now owns 12,496 shares of the company’s stock worth $448,000 after acquiring an additional 638 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of Harley-Davidson by 5.4% during the 2nd quarter. Flinton Capital Management LLC now owns 15,904 shares of the company’s stock worth $570,000 after acquiring an additional 812 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Harley-Davidson by 2.9% in the 2nd quarter. Northern Trust Corp now owns 1,871,055 shares of the company’s stock valued at $67,039,000 after purchasing an additional 52,789 shares during the period. Institutional investors own 93.97% of the company’s stock.
In other news, insider Mark R. Kornetzke sold 3,626 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.79, for a total transaction of $129,774.54. Following the completion of the transaction, the insider now directly owns 31,666 shares of the company’s stock, valued at approximately $1,133,326.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Paul J. Jones sold 11,884 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total value of $417,722.60. Following the transaction, the vice president now directly owns 9,575 shares of the company’s stock, valued at $336,561.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,510 shares of company stock valued at $1,626,297. Company insiders own 0.86% of the company’s stock.
HOG has been the subject of a number of recent research reports. DA Davidson reaffirmed a “sell” rating on shares of Harley-Davidson in a research report on Friday, July 26th. Morgan Stanley decreased their price objective on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, July 19th. Wedbush set a $35.00 price objective on Harley-Davidson and gave the stock a “hold” rating in a research report on Friday, July 12th. Finally, Northcoast Research reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $41.00.
Shares of HOG stock traded up $0.92 during trading hours on Friday, reaching $36.97. 54,578 shares of the company’s stock were exchanged, compared to its average volume of 1,458,646. The company has a market cap of $5.55 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The company’s 50 day moving average is $33.17 and its two-hundred day moving average is $35.56. Harley-Davidson Inc has a 1 year low of $30.17 and a 1 year high of $46.22. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 1.03.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. As a group, analysts predict that Harley-Davidson Inc will post 3.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is 39.68%.
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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