Norinchukin Bank The grew its position in Harley-Davidson Inc (NYSE:HOG) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,279 shares of the company’s stock after acquiring an additional 450 shares during the period. Norinchukin Bank The’s holdings in Harley-Davidson were worth $1,080,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. AlphaCrest Capital Management LLC bought a new position in shares of Harley-Davidson in the 4th quarter valued at about $442,000. CHICAGO TRUST Co NA boosted its holdings in shares of Harley-Davidson by 30.0% during the 1st quarter. CHICAGO TRUST Co NA now owns 57,060 shares of the company’s stock worth $2,034,000 after buying an additional 13,172 shares during the period. BlackRock Inc. boosted its holdings in shares of Harley-Davidson by 0.5% during the 4th quarter. BlackRock Inc. now owns 10,863,182 shares of the company’s stock worth $370,651,000 after buying an additional 53,565 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Harley-Davidson by 12.2% during the 4th quarter. Mackenzie Financial Corp now owns 3,949,622 shares of the company’s stock worth $134,761,000 after buying an additional 429,922 shares during the period. Finally, Vanguard Group Inc boosted its holdings in shares of Harley-Davidson by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 17,623,452 shares of the company’s stock worth $798,342,000 after buying an additional 232,373 shares during the period. 91.59% of the stock is owned by institutional investors.
Several analysts recently commented on HOG shares. Morgan Stanley reduced their target price on shares of Harley-Davidson from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. Wedbush set a $35.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a report on Tuesday, June 4th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $41.00 target price (down previously from $49.00) on shares of Harley-Davidson in a report on Monday, April 8th. Goldman Sachs Group reaffirmed a “sell” rating and set a $34.00 target price (down previously from $37.00) on shares of Harley-Davidson in a report on Wednesday, April 24th. Finally, Northcoast Research reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Tuesday, June 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and an average target price of $41.69.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.12. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Harley-Davidson had a net margin of 8.72% and a return on equity of 28.82%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 EPS. As a group, equities research analysts forecast that Harley-Davidson Inc will post 3.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 30th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Wednesday, May 29th. Harley-Davidson’s payout ratio is presently 39.68%.
In other news, Director Jochen Zeitz sold 2,227 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $33.05, for a total value of $73,602.35. Following the completion of the transaction, the director now directly owns 1 shares in the company, valued at approximately $33.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by insiders.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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