Heritage Investors Management Corp reduced its position in Harley-Davidson Inc (NYSE:HOG) by 33.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,641 shares of the company’s stock after selling 14,086 shares during the quarter. Heritage Investors Management Corp’s holdings in Harley-Davidson were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. DnB Asset Management AS bought a new position in shares of Harley-Davidson in the second quarter worth $771,000. IFM Investors Pty Ltd boosted its holdings in shares of Harley-Davidson by 34.2% in the second quarter. IFM Investors Pty Ltd now owns 8,353 shares of the company’s stock worth $351,000 after acquiring an additional 2,128 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Harley-Davidson by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 33,921 shares of the company’s stock worth $1,426,000 after acquiring an additional 2,360 shares during the period. Gateway Investment Advisers LLC bought a new position in shares of Harley-Davidson in the second quarter worth $1,854,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Harley-Davidson by 6.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 52,260 shares of the company’s stock worth $2,199,000 after acquiring an additional 3,215 shares during the period. 85.72% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on HOG shares. ValuEngine raised Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Stifel Nicolaus raised their price target on Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, July 25th. Citigroup raised their price target on Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. DA Davidson reaffirmed a “sell” rating on shares of Harley-Davidson in a report on Tuesday, August 14th. Finally, Wolfe Research started coverage on Harley-Davidson in a report on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.38.
NYSE:HOG opened at $40.73 on Friday. The firm has a market cap of $6.82 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.08. Harley-Davidson Inc has a 52-week low of $35.76 and a 52-week high of $56.50. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.08 and a quick ratio of 0.95.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.25. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a return on equity of 33.57% and a net margin of 10.66%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. Equities research analysts anticipate that Harley-Davidson Inc will post 3.88 EPS for the current year.
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Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.
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