Harley-Davidson Inc. (HOG) Insider Lawrence G. Hund Sells 28,271 Shares of Stock
Harley-Davidson Inc. (NYSE:HOG) insider Lawrence G. Hund sold 28,271 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total value of $1,696,260.00. Following the transaction, the insider now owns 25,438 shares of the company’s stock, valued at approximately $1,526,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded up 1.01% during midday trading on Thursday, hitting $58.26. 640,168 shares of the stock were exchanged. Harley-Davidson Inc. has a 12 month low of $36.36 and a 12 month high of $61.35. The company has a market cap of $10.40 billion, a PE ratio of 15.60 and a beta of 0.96. The stock has a 50 day moving average price of $54.48 and a 200-day moving average price of $50.43.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.64. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 12.86% and a return on equity of 35.49%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. On average, analysts predict that Harley-Davidson Inc. will post $3.88 EPS for the current year.
Large investors have recently made changes to their positions in the stock. National Pension Service raised its stake in shares of Harley-Davidson by 4.6% in the first quarter. National Pension Service now owns 138,247 shares of the company’s stock worth $7,096,000 after buying an additional 6,034 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Harley-Davidson by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 15,264 shares of the company’s stock worth $784,000 after buying an additional 919 shares during the last quarter. Natixis purchased a new stake in shares of Harley-Davidson during the first quarter worth $6,101,000. Moore Capital Management LP purchased a new stake in shares of Harley-Davidson during the first quarter worth $8,983,000. Finally, LPL Financial LLC raised its stake in shares of Harley-Davidson by 2.2% in the first quarter. LPL Financial LLC now owns 48,505 shares of the company’s stock worth $2,419,000 after buying an additional 1,053 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
A number of research analysts have recently weighed in on the company. RBC Capital Markets upgraded Harley-Davidson from an “underperform” rating to a “sector perform” rating and raised their price objective for the company from $46.00 to $57.00 in a research report on Tuesday. Royal Bank Of Canada upgraded Harley-Davidson from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $46.00 to $57.00 in a research report on Tuesday. BMO Capital Markets reiterated an “outperform” rating and issued a $66.00 price target on shares of Harley-Davidson in a research report on Sunday, October 23rd. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 23rd. Finally, Stifel Nicolaus lifted their price target on Harley-Davidson from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, October 20th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.83.
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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