Lawrence G. Hund Sells 15,013 Shares of Harley-Davidson, Inc. (HOG) Stock
Harley-Davidson, Inc. (NYSE:HOG) insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the sale, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Harley-Davidson, Inc. (HOG) opened at 47.37 on Friday. The firm has a 50-day moving average price of $48.13 and a 200 day moving average price of $54.38. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 13.87 and a beta of 0.86. Harley-Davidson, Inc. has a 12 month low of $46.00 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. On average, equities analysts forecast that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 3.08%. Harley-Davidson’s dividend payout ratio is presently 42.44%.
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Several analysts have recently weighed in on HOG shares. Morgan Stanley cut their price objective on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating for the company in a report on Monday, August 14th. ValuEngine downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reduced their target price on Harley-Davidson from $61.00 to $55.00 and set a “hold” rating for the company in a report on Friday, July 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $62.00 target price on shares of Harley-Davidson in a report on Wednesday, June 7th. Finally, BidaskClub raised Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have assigned a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and a consensus price target of $55.06.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock worth $384,000 after buying an additional 66 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after buying an additional 72 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after buying an additional 100 shares during the period. Annex Advisory Services LLC raised its stake in shares of Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after buying an additional 102 shares during the period. Finally, First Business Financial Services Inc. raised its stake in shares of Harley-Davidson by 1.2% in the first quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock worth $539,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.
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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