Gamco Investors INC. ET AL Maintains Position in Harley-Davidson Inc (HOG)
Gamco Investors INC. ET AL held its stake in shares of Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,950 shares of the company’s stock at the end of the first quarter. Gamco Investors INC. ET AL’s holdings in Harley-Davidson were worth $541,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in HOG. NN Investment Partners Holdings N.V. increased its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $178,000 after buying an additional 1,853 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at $201,000. Appleton Group LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at $210,000. Cpcm LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at $203,000. Finally, Putnam Investments LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 0.27% on Thursday, reaching $51.86. The company’s stock had a trading volume of 3,923,588 shares. The company has a market cap of $9.13 billion, a PE ratio of 14.79 and a beta of 0.88. The firm has a 50 day moving average of $56.60 and a 200 day moving average of $58.40. Harley-Davidson Inc has a 52-week low of $41.63 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. Analysts predict that Harley-Davidson Inc will post $3.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.46 annualized dividend and a dividend yield of 2.82%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
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Several brokerages recently weighed in on HOG. Royal Bank of Canada set a $58.00 target price on Harley-Davidson and gave the company a “hold” rating in a research note on Wednesday, February 1st. Citigroup Inc decreased their target price on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Barclays PLC restated an “underweight” rating and set a $53.00 target price (up previously from $45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Finally, Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given 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 Company Profile
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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