Harley-Davidson, Inc. (HOG) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in Harley-Davidson, Inc. (NYSE:HOG) by 18.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,183,477 shares of the company’s stock after buying an additional 488,628 shares during the period. Bank of New York Mellon Corp owned about 1.89% of Harley-Davidson worth $153,476,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock worth $384,000 after buying an additional 66 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after buying an additional 72 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after buying an additional 100 shares during the last quarter. Annex Advisory Services LLC increased its stake in shares of Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after buying an additional 102 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Harley-Davidson by 0.3% in the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock worth $2,156,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.

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A number of analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price target (down previously from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. ValuEngine lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Morgan Stanley lowered their target price on shares of Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating for the company in a research note on Monday, August 14th. Finally, Wedbush reiterated a “neutral” rating and set a $45.00 target price on shares of Harley-Davidson in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $52.50.

In other news, CEO Matthew S. Levatich sold 19,447 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the transaction, the chief executive officer now owns 88,646 shares in the company, valued at approximately $4,286,920.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John A. Olin sold 28,760 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the transaction, the chief financial officer now owns 65,722 shares in the company, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. Insiders sold 73,739 shares of company stock valued at $3,524,954 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Shares of Harley-Davidson, Inc. (NYSE HOG) opened at $46.76 on Tuesday. The firm has a market cap of $7,950.00, a PE ratio of 14.77, a P/E/G ratio of 1.62 and a beta of 0.94. Harley-Davidson, Inc. has a 1-year low of $44.52 and a 1-year high of $63.40. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. analysts forecast that Harley-Davidson, Inc. will post 3.43 EPS for the current fiscal year.

About Harley-Davidson

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.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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