Parametric Portfolio Associates LLC lowered its position in shares of Harley-Davidson Inc (NYSE:HOG) by 25.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 285,351 shares of the company’s stock after selling 99,469 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.16% of Harley-Davidson worth $17,264,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. NN Investment Partners Holdings N.V. boosted 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 worth $178,000 after buying an additional 1,853 shares in the last quarter. Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter worth approximately $201,000. Cpcm LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $203,000. Putnam Investments LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $204,000. Finally, KLCM Advisors Inc. acquired a new stake in shares of Harley-Davidson during the third quarter worth approximately $210,000. 89.54% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) traded down 0.27% during trading on Thursday, reaching $51.86. 3,923,588 shares of the company’s stock traded hands. The firm has a market capitalization of $9.13 billion, a PE ratio of 14.79 and a beta of 0.88. The company has a 50-day moving average price of $56.60 and a 200 day moving average price of $58.40. Harley-Davidson Inc has a one year low of $41.63 and a one year high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 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 analyst estimates of $1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, analysts anticipate that Harley-Davidson Inc will post $3.76 earnings per share for the current fiscal year.
The firm also recently announced 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. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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HOG has been the subject of a number of research reports. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Citigroup Inc reduced their price objective on shares of Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Barclays PLC reissued an “equal weight” rating and issued a $52.00 price objective (down from $53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Argus reissued a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Finally, Royal Bank of Canada set a $58.00 price objective on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson presently has a consensus 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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