Oarsman Capital Inc. continued to hold its position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,026 shares of the company’s stock at the close of the 2nd quarter. Oarsman Capital Inc.’s holdings in Harley-Davidson were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently bought and sold shares of HOG. Nationwide Fund Advisors raised its position in shares of Harley-Davidson by 1.9% during the 1st quarter. Nationwide Fund Advisors now owns 49,829 shares of the company’s stock valued at $3,015,000 after acquiring an additional 923 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Harley-Davidson by 147.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,355 shares of the company’s stock valued at $566,000 after acquiring an additional 5,569 shares in the last quarter. First Trust Advisors LP raised its position in shares of Harley-Davidson by 13.7% during the 1st quarter. First Trust Advisors LP now owns 177,209 shares of the company’s stock valued at $10,721,000 after acquiring an additional 21,389 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Harley-Davidson by 425.6% during the 1st quarter. Advisors Asset Management Inc. now owns 15,731 shares of the company’s stock valued at $952,000 after acquiring an additional 12,738 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Harley-Davidson during the 1st quarter valued at approximately $320,000. 91.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Harley-Davidson, Inc. (NYSE HOG) traded down 0.23% on Tuesday, hitting $47.46. The stock had a trading volume of 115,647 shares. The firm has a 50 day moving average price of $47.68 and a 200-day moving average price of $54.01. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 13.90 and a beta of 0.86. 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts anticipate that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be given a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 3.07%. Harley-Davidson’s payout ratio is 42.44%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares in the company, valued at approximately $1,116,892.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.
HOG has been the topic of several research reports. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $51.00 price target (down from $53.00) on shares of Harley-Davidson in a research report on Thursday, July 13th. BMO Capital Markets reissued a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a research report on Friday. Aegis initiated coverage on Harley-Davidson in a research report on Monday, August 28th. They set a “hold” rating and a $49.00 price target on the stock. Finally, UBS AG reissued a “neutral” rating and set a $57.00 price target on shares of Harley-Davidson in a research report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.50.
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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