Impala Asset Management LLC raised its stake in Harley-Davidson, Inc. (NYSE:HOG) by 60.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,077,434 shares of the company’s stock after buying an additional 780,371 shares during the quarter. Harley-Davidson accounts for about 5.7% of Impala Asset Management LLC’s holdings, making the stock its 4th biggest position. Impala Asset Management LLC owned approximately 1.22% of Harley-Davidson worth $112,223,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Independent Advisor Alliance increased its stake in Harley-Davidson by 491.5% in the 1st 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 during the period. Wayne Hummer Investments L.L.C. acquired a new position in Harley-Davidson in the 1st quarter valued at approximately $200,000. Geneva Advisors LLC increased its stake in Harley-Davidson by 5.4% in the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after buying an additional 200 shares during the period. Northside Capital Management LLC acquired a new position in Harley-Davidson in the 1st quarter valued at approximately $218,000. Finally, Wedbush Securities Inc. increased its stake in Harley-Davidson by 20.7% in the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 91.06% of the company’s stock.
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Several research firms have weighed in on HOG. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $53.00 price objective on shares of Harley-Davidson in a research note on Sunday, June 18th. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. UBS AG reiterated a “neutral” rating and issued a $57.00 price objective on shares of Harley-Davidson in a research note on Monday, June 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $53.94.
Harley-Davidson, Inc. (NYSE:HOG) traded down 2.423% during mid-day trading on Friday, hitting $47.725. 1,093,223 shares of the company traded hands. Harley-Davidson, Inc. has a one year low of $45.53 and a one year high of $63.40. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 13.975 and a beta of 0.86. The company’s 50-day moving average is $47.66 and its 200-day moving average is $53.82.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the company earned $1.55 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year. Analysts predict 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. Stockholders of record on Tuesday, September 12th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.99%. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.44%.
In other news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the sale, the insider now directly owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.
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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