Heritage Investors Management Corp cut its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 35.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 62,513 shares of the company’s stock after selling 33,963 shares during the quarter. Heritage Investors Management Corp’s holdings in Harley-Davidson were worth $3,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. boosted its position in shares of Harley-Davidson by 6.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 94,666 shares of the company’s stock valued at $4,817,000 after buying an additional 5,497 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Harley-Davidson by 4.0% during the fourth quarter. California Public Employees Retirement System now owns 530,312 shares of the company’s stock valued at $26,982,000 after buying an additional 20,607 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $2,373,000. Calton & Associates Inc. purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $748,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $455,000. 97.26% of the stock is currently owned by institutional investors.
In other news, VP Paul J. Jones sold 870 shares of Harley-Davidson stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the transaction, the vice president now directly owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. equities analysts anticipate that Harley-Davidson Inc will post 3.75 EPS for the current fiscal year.
Harley-Davidson declared that its board has authorized a share buyback plan on Monday, February 5th that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.37 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Tuesday, February 13th. Harley-Davidson’s payout ratio is presently 48.99%.
HOG has been the topic of several recent analyst reports. Wedbush increased their price objective on Harley-Davidson from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Goldman Sachs Group cut Harley-Davidson to a “hold” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, January 3rd. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Friday, October 20th. Zacks Investment Research raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, TheStreet cut Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $52.00.
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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