Ameriprise Financial Inc. boosted its stake in Harley-Davidson Inc (NYSE:HOG) by 31.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 726,341 shares of the company’s stock after buying an additional 173,405 shares during the period. Ameriprise Financial Inc. owned about 0.41% of Harley-Davidson worth $43,944,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Harley-Davidson by 23.1% in the third quarter. Morgan Stanley now owns 953,315 shares of the company’s stock valued at $50,135,000 after buying an additional 178,755 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Harley-Davidson by 0.5% in the third quarter. Principal Financial Group Inc. now owns 279,963 shares of the company’s stock valued at $14,723,000 after buying an additional 1,375 shares during the last quarter. Suntrust Banks Inc. boosted its stake 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 last quarter. KLCM Advisors Inc. purchased a new stake in shares of Harley-Davidson during the third quarter valued at approximately $210,000. Finally, Check Capital Management Inc. CA boosted its stake 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 last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson Inc (NYSE:HOG) traded down 0.43% during trading on Thursday, reaching $52.76. 2,146,232 shares of the company’s stock traded hands. The company has a market cap of $9.29 billion, a P/E ratio of 15.04 and a beta of 0.88. The firm’s 50 day moving average is $57.79 and its 200 day moving average is $58.53. Harley-Davidson Inc has a 12 month low of $41.63 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was down 15.7% on a year-over-year basis. Analysts anticipate that Harley-Davidson Inc will post $3.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is 38.22%.
Several equities research analysts recently commented on the company. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Raymond James Financial, Inc. raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. DA Davidson raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Royal Bank of Canada boosted their target price on Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus 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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