Retirement Systems of Alabama Lowers Position in Harley-Davidson Inc (HOG)
Retirement Systems of Alabama reduced its stake in Harley-Davidson Inc (NYSE:HOG) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,242 shares of the company’s stock after selling 994 shares during the period. Retirement Systems of Alabama’s holdings in Harley-Davidson were worth $5,157,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Suntrust Banks Inc. raised its position in shares of Harley-Davidson by 9.5% in the third quarter. Suntrust Banks Inc. now owns 7,616 shares of the company’s stock valued at $399,000 after buying an additional 660 shares during the period. KLCM Advisors Inc. bought a new position in shares of Harley-Davidson during the third quarter valued at approximately $210,000. Check Capital Management Inc. CA raised its position in shares of Harley-Davidson by 8.6% in the third quarter. Check Capital Management Inc. CA now owns 193,901 shares of the company’s stock valued at $10,197,000 after buying an additional 15,404 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $302,000 after buying an additional 20 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock worth $6,410,000 after buying an additional 5,659 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) opened at 52.57 on Friday. The stock’s 50 day moving average price is $57.56 and its 200 day moving average price is $58.49. Harley-Davidson Inc has a 52-week low of $41.63 and a 52-week high of $63.40. The company has a market capitalization of $9.25 billion, a P/E ratio of 14.99 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $1.36 EPS. The company’s revenue was down 15.7% on a year-over-year basis. On average, equities research analysts forecast that Harley-Davidson Inc will post $3.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a $0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.46 annualized dividend and a dividend yield of 2.77%. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.
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HOG has been the topic of a number of recent research reports. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Citigroup Inc reduced their target price on shares of Harley-Davidson from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Barclays PLC reaffirmed an “equal weight” rating and issued a $52.00 target price (down from $53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Finally, Royal Bank of Canada set a $58.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $56.12.
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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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