Tokio Marine Asset Management Co. Ltd. maintained its position in Harley-Davidson Inc. (NYSE:HOG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,764 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Harley-Davidson were worth $306,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cutler Capital Management LLC boosted its position in Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock valued at $181,000 after buying an additional 1,000 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Harley-Davidson during the second quarter valued at approximately $259,000. Sigma Planning Corp boosted its position in Harley-Davidson by 5.1% in the second quarter. Sigma Planning Corp now owns 6,495 shares of the company’s stock valued at $294,000 after buying an additional 318 shares during the period. Charter Trust Co. boosted its position in Harley-Davidson by 35.0% in the second quarter. Charter Trust Co. now owns 6,504 shares of the company’s stock valued at $295,000 after buying an additional 1,685 shares during the period. Finally, Parthenon LLC boosted its position in Harley-Davidson by 9.9% in the second quarter. Parthenon LLC now owns 6,675 shares of the company’s stock valued at $302,000 after buying an additional 600 shares during the period. Institutional investors own 94.90% of the company’s stock.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded down 1.17% during midday trading on Friday, reaching $49.83. 2,193,700 shares of the company were exchanged. The company has a market capitalization of $9.00 billion, a PE ratio of 13.26 and a beta of 1.05. Harley-Davidson Inc. has a 52-week low of $36.36 and a 52-week high of $57.33. The firm’s 50 day moving average is $51.61 and its 200-day moving average is $49.01.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The firm earned $1.86 billion during the quarter, compared to the consensus estimate of $1.67 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. On average, equities analysts forecast that Harley-Davidson Inc. will post $3.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Friday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is 36.65%.
Several research firms have commented on HOG. Wedbush reiterated a “hold” rating on shares of Harley-Davidson in a report on Saturday, September 17th. Barclays PLC cut shares of Harley-Davidson from an “equal weight” rating to an “underperform” rating and lowered their target price for the company from $49.00 to $45.00 in a report on Friday, July 29th. UBS AG restated a “hold” rating on shares of Harley-Davidson in a report on Friday. RBC Capital Markets restated an “underperform” rating and issued a $43.00 target price on shares of Harley-Davidson in a report on Friday, July 29th. Finally, Vetr cut shares of Harley-Davidson from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a report on Wednesday, June 29th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.16.
In other news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the transaction, the insider now owns 16,922 shares of the company’s stock, valued at $900,758.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
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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