The Louisiana State Employees Retirement System increased its position in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) stock by 1.8% in Q1, the company says in its latest Form 13F filed with the SEC. The company held 40,300 shares of the company after acquiring an additional 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings of Harley-Davidson were worth $1,662,000 when it last filed with the SEC.
Several other institutional investors and hedge funds have also recently changed their positions in the company. CIBC Asset Management Inc. increased its holdings of Harley-Davidson shares by 4.1% during the fourth quarter. CIBC Asset Management Inc. now owns 6,591 shares of the company valued at $248,000 after acquiring an additional 262 shares during the period. Synovus Financial Corp increased its holdings of Harley-Davidson shares by 1.4% during the fourth quarter. Synovus Financial Corp now owns 19,603 shares of the company valued at $743,000 after acquiring an additional 267 shares during the period. Xponance Inc. increased its holdings of Harley-Davidson stock by 1.8% in the first quarter. Xponance Inc. now owns 17,363 shares of the company valued at $684,000 after acquiring 313 additional shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Harley-Davidson by 4.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,760 shares of the company worth $292,000 after purchasing an additional 345 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Harley-Davidson by 6.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,573 shares of the company worth $248,000 after purchasing 392 additional shares during the period. 91.69% of the shares are held by institutional investors.
NYSE HOG opened at $32.43 on Friday. The stock’s 50-day moving average price is $34.09 and its two-hundred-day moving average price is $36.87. The company has a current ratio of 1.34, a quick ratio of 1.12 and a debt ratio of 1.78. The company has a market capitalization of $4.78 billion, a PE ratio of 8.17, a PEG ratio of 0.87 and a beta of 1.29. Harley-Davidson, Inc. has a 1-year minimum of $29.80 and a 1-year maximum of $46.18.
Harley-Davidson Inc (NYSE:HOG – Get Rating) last released quarterly earnings data on Wednesday, April 27. The company reported earnings per share (EPS) of $1.45 for the quarter, missing the consensus estimate of $1.52 per ($0.07). The company posted revenue of $1.50 billion for the quarter, against analyst estimates of $1.33 billion. Harley-Davidson had a return on equity of 27.07% and a net margin of 11.78%. Harley-Davidson’s quarterly revenue increased 5.1% year over year. In the same quarter a year earlier, the company posted EPS of $1.68. Research analysts expect Harley-Davidson, Inc. to post EPS of 4.16 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17. Shareholders of record on Thursday, June 2 received a dividend of $0.157 per share. The ex-dividend date was Wednesday, June 1. This represents an annualized dividend of $0.63 and a yield of 1.94%. Harley-Davidson’s payout ratio is currently 15.87%.
Several research companies have recently weighed in on HOG. DA Davidson began covering Harley-Davidson stocks in a report on Thursday, June 30. They issued a “neutral” rating and a price target of $35.00 for the company. StockNews.com began covering Harley-Davidson shares in a report on Thursday, March 31. They issued a “holding” rating for the company. TheStreet took Harley-Davidson shares from a “c+” rating to a “b” rating in a report on Wednesday, April 27. Robert W. Baird cut his price target on Harley-Davidson stock from $60.00 to $55.00 and set an “outperform” rating for the company in a Thursday, April 28 report. Finally, Northcoast Research reiterated a “neutral” rating on Harley-Davidson shares in a Tuesday, May 17 research report. One financial analyst has assigned the stock a sell rating, five have assigned a hold rating and five have assigned the stock a buy rating. According to data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and a consensus target price of $46.62.
Harley Davidson Company Profile (Get an assessment)
Harley-Davidson, Inc. manufactures and sells motorcycles. The Company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sport and dual models, as well as motorcycle parts, accessories, apparel and related services .
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