Hennion & Walsh Asset Management Inc. Reduces Equity Holdings in Harley-Davidson, Inc. (NYSE:HOG)


Hennion & Walsh Asset Management Inc. cut its stake in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 6.3% in the first quarter, HoldingsChannel reports. The company held 7,872 shares of the company after selling 533 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Harley-Davidson were worth $310,000 when it last filed with the SEC.

A number of other institutional investors and hedge funds also changed their HOG holdings. Allspring Global Investments Holdings LLC bought a new position in Harley-Davidson during Q4 for a value of approximately $27,000. Allegheny Financial Group LTD bought a new position in Harley-Davidson during Q4 for a value of approximately $27,000. Spire Wealth Management increased its holdings in Harley-Davidson by 89.4% during the fourth quarter. Spire Wealth Management now owns 945 shares of the company worth $36,000 after buying 446 additional shares in the last quarter. Covestor Ltd bought a new position in Harley-Davidson during Q4 worth approximately $36,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Harley-Davidson during Q1 worth approximately $39,000. 91.69% of the shares are held by hedge funds and other institutional investors.

HOG has been the subject of a number of research analyst reports. StockNews.com launched coverage on Harley-Davidson in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Robert W. Baird lowered his price target on Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a Thursday, April 28 research report. DA Davidson began covering Harley-Davidson in a research report on Thursday, June 30. They set a “neutral” rating and a price target of $35.00 on the stock. Wolfe Research reiterated a “buy” rating and set a price target of $45.00 on Harley-Davidson shares in a Friday, May 20 research report. Finally, TheStreet downgraded Harley-Davidson from a “c+” rating to a “b” rating in a research report on Wednesday, April 27. An equity research analyst rated the stock with a sell rating, five gave the stock a hold rating, and five gave the stock a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.62.

HOG opened at $31.41 on Friday. Harley-Davidson, Inc. has a 12 month minimum of $29.80 and a 12 month maximum of $44.58. The company has a debt ratio of 1.78, a current ratio of 1.34 and a quick ratio of 1.12. The stock has a market capitalization of $4.63 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.88 and a beta of 1.29. The stock’s 50-day moving average price is $33.57 and its 200-day moving average price is $36.75.

Harley-Davidson (NYSE:HOG – Get Rating) last released its results on Wednesday, April 27. The company reported EPS of $1.45 for the quarter, missing the consensus estimate of $1.52 per ($0.07). Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The company posted revenue of $1.50 billion in the quarter, compared to analysts’ estimates of $1.33 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.68. The company’s revenue increased by 5.1% compared to the same quarter last year. Equity analysts expect Harley-Davidson, Inc. to post EPS of 4.16 for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 17. Investors of record on Thursday, June 2 received a dividend of $0.157. This represents an annualized dividend of $0.63 and a yield of 2.00%. The ex-dividend date was Wednesday, June 1. Harley-Davidson’s dividend payout ratio is currently 15.87%.

About Harley-Davidson (Get a rating)

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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Want to see which other hedge funds hold HOG? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Harley-Davidson, Inc. (NYSE:HOG – Get Rating).

Institutional ownership by quarter for Harley-Davidson (NYSE:HOG)



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