Northside Capital Management LLC purchased a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,600 shares of the company’s stock, valued at approximately $218,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wayne Hummer Investments L.L.C. purchased a new position in Harley-Davidson during the first quarter valued at $200,000. Stokes & Hubbell Capital Management LLC purchased a new position in Harley-Davidson during the first quarter valued at $201,000. Independent Advisor Alliance boosted 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 valued at $200,000 after buying an additional 2,772 shares in the last quarter. Appleton Group LLC purchased a new position in Harley-Davidson during the first quarter valued at $210,000. Finally, Putnam Investments LLC purchased a new position in Harley-Davidson during the fourth quarter valued at $204,000. Institutional investors and hedge funds own 86.98% of the company’s stock.
Shares of Harley-Davidson, Inc. (NYSE HOG) traded up 0.67% during midday trading on Wednesday, hitting $55.88. The company had a trading volume of 1,428,111 shares. The company has a market capitalization of $9.83 billion, a PE ratio of 15.93 and a beta of 0.81. The company has a 50-day moving average of $53.98 and a 200-day moving average of $57.65. Harley-Davidson, Inc. has a 12 month low of $41.63 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The business’s revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. Analysts predict that Harley-Davidson, Inc. will post $3.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Thursday, May 25th were given 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 2.63%. Harley-Davidson’s payout ratio is 41.60%.
Several research firms have weighed in on HOG. UBS AG restated a “neutral” rating and set a $57.00 price target on shares of Harley-Davidson in a report on Tuesday, June 13th. Citigroup Inc. cut their price target on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group Inc restated a “neutral” rating and set a $53.00 price target on shares of Harley-Davidson in a report on Sunday. Finally, Barclays PLC restated an “equal weight” rating and set a $52.00 price target (down previously from $53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and a consensus price target of $56.53.
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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