Nationwide Fund Advisors Has $2,692,000 Position in Harley-Davidson, Inc. (HOG)
Nationwide Fund Advisors held its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,829 shares of the company’s stock at the end of the second quarter. Nationwide Fund Advisors’ holdings in Harley-Davidson were worth $2,692,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Matrix Asset Advisors Inc. NY raised its holdings in shares of Harley-Davidson by 8.0% during the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock worth $10,139,000 after purchasing an additional 13,897 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Harley-Davidson during the first quarter worth $257,000. Thompson Investment Management Inc. raised its holdings in shares of Harley-Davidson by 0.9% during the second quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock worth $4,238,000 after purchasing an additional 686 shares during the last quarter. SeaBridge Investment Advisors LLC raised its holdings in shares of Harley-Davidson by 31.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 121,818 shares of the company’s stock worth $6,581,000 after purchasing an additional 29,310 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Harley-Davidson during the second quarter worth $1,388,000. 91.04% of the stock is owned by hedge funds and other institutional investors.
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HOG has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating for the company in a report on Monday, August 14th. UBS AG restated a “hold” rating and set a $47.00 price target on shares of Harley-Davidson in a research report on Wednesday, September 13th. ValuEngine lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus dropped their price target on shares of Harley-Davidson from $61.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, July 14th. Finally, BidaskClub lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $52.38.
Harley-Davidson, Inc. (NYSE HOG) opened at 46.46 on Friday. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 13.60 and a beta of 0.87. The company’s 50-day moving average is $47.66 and its 200-day moving average is $52.14. Harley-Davidson, Inc. has a 52-week low of $45.53 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. Equities analysts predict that Harley-Davidson, Inc. will post $3.38 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were paid a $0.365 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a yield of 3.14%. Harley-Davidson’s payout ratio is 42.44%.
In related news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the sale, the insider now directly 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 SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
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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