Arizona State Retirement System Sells 100 Shares of Harley-Davidson, Inc. (HOG)
Arizona State Retirement System cut its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,621 shares of the company’s stock after selling 100 shares during the period. Arizona State Retirement System’s holdings in Harley-Davidson were worth $2,639,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. increased its position in 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 worth $178,000 after buying an additional 1,853 shares in the last quarter. Wayne Hummer Investments L.L.C. purchased a new position in Harley-Davidson during the first quarter worth approximately $200,000. Stokes & Hubbell Capital Management LLC purchased a new position in Harley-Davidson during the first quarter worth approximately $201,000. Independent Advisor Alliance increased its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares in the last quarter. Finally, Appleton Group LLC purchased a new position in Harley-Davidson during the first quarter worth approximately $210,000. Hedge funds and other institutional investors own 86.98% of the company’s stock.
Shares of Harley-Davidson, Inc. (HOG) traded up 1.00% on Friday, reaching $55.44. The company had a trading volume of 2,613,222 shares. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 15.81 and a beta of 0.81. The company’s 50-day moving average price is $54.11 and its 200-day moving average price is $57.80. Harley-Davidson, Inc. has a 52-week low of $41.63 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 EPS. On average, analysts predict that Harley-Davidson, Inc. will post $3.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Thursday, May 25th were paid a $0.365 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.46 annualized dividend and a yield of 2.66%. Harley-Davidson’s dividend payout ratio (DPR) is presently 41.60%.
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A number of research firms recently commented on HOG. UBS AG restated a “neutral” rating and issued a $57.00 price objective on shares of Harley-Davidson in a report on Tuesday. Citigroup Inc. dropped their price objective on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. BidaskClub upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday. Barclays PLC restated an “equal weight” rating and issued a $52.00 price objective (down previously from $53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Finally, Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.59.
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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