Cambiar Investors LLC decreased its stake in Harley-Davidson Inc. (NYSE:HOG) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 78,746 shares of the company’s stock after selling 560 shares during the period. Cambiar Investors LLC’s holdings in Harley-Davidson were worth $3,567,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Harley-Davidson by 16.9% in the first quarter. Aperio Group LLC now owns 53,066 shares of the company’s stock valued at $2,724,000 after buying an additional 7,690 shares during the last quarter. Ngam Advisors L.P. raised its position in Harley-Davidson by 59.5% in the first quarter. Ngam Advisors L.P. now owns 43,187 shares of the company’s stock worth $2,217,000 after buying an additional 16,113 shares during the period. NN Investment Partners Holdings N.V. bought a new position in Harley-Davidson during the first quarter worth $1,851,000. M&T Bank Corp raised its position in Harley-Davidson by 61.2% in the first quarter. M&T Bank Corp now owns 46,065 shares of the company’s stock worth $2,364,000 after buying an additional 17,483 shares during the period. Finally, Credit Agricole S A raised its position in Harley-Davidson by 41.9% in the first quarter. Credit Agricole S A now owns 462,570 shares of the company’s stock worth $23,745,000 after buying an additional 136,579 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded down 0.94% during mid-day trading on Tuesday, hitting $50.52. The company had a trading volume of 1,655,547 shares. Harley-Davidson Inc. has a 52-week low of $36.36 and a 52-week high of $57.33. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 13.44 and a beta of 1.05. The stock’s 50-day moving average is $52.41 and its 200-day moving average is $48.92.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that Harley-Davidson Inc. will post $3.87 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s payout ratio is 36.65%.
A number of equities analysts have weighed in on HOG shares. Goldman Sachs Group Inc. lowered Harley-Davidson from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $50.00 in a research note on Thursday, June 23rd. Vetr lowered Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 price objective on the stock. in a research note on Tuesday, July 5th. Citigroup Inc. boosted their price objective on Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a research note on Tuesday, July 5th. Finally, Wells Fargo & Co. lowered Harley-Davidson from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.16.
In other news, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $54.03, for a total transaction of $135,993.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the sale, the insider now directly owns 16,922 shares in the company, valued at $900,758.06. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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