Cambridge Investment Research Advisors Inc. increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,426 shares of the company’s stock after buying an additional 609 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Harley-Davidson were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wayne Hummer Investments L.L.C. bought a new stake in shares of Harley-Davidson in the first quarter valued at about $200,000. Independent Advisor Alliance boosted its position in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after acquiring an additional 2,772 shares during the period. Appleton Group LLC bought a new stake in shares of Harley-Davidson in the first quarter valued at about $210,000. Northside Capital Management LLC bought a new stake in shares of Harley-Davidson in the first quarter valued at about $218,000. Finally, Pacer Advisors Inc. boosted its position in shares of Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock valued at $224,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 91.06% of the company’s stock.
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A number of research analysts recently commented on HOG shares. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $51.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a research note on Friday, September 8th. Aegis started coverage on Harley-Davidson in a research note on Monday, August 28th. They set a “hold” rating and a $49.00 target price for the company. Finally, UBS AG reissued a “neutral” rating and set a $57.00 target price on shares of Harley-Davidson in a research note on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.94.
Shares of Harley-Davidson, Inc. (NYSE HOG) opened at 48.90 on Friday. Harley-Davidson, Inc. has a 52-week low of $45.53 and a 52-week high of $63.40. The company has a 50-day moving average price of $47.66 and a 200-day moving average price of $53.82. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 14.32 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Monday, September 11th. Harley-Davidson’s payout ratio is presently 42.44%.
In related news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.
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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