Hennessy Advisors Inc. Boosts Stake in Harley-Davidson, Inc. (HOG)

Hennessy Advisors Inc. lifted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,600 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Hennessy Advisors Inc.’s holdings in Harley-Davidson were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of HOG. Capital Research Global Investors increased its stake in shares of Harley-Davidson by 605.1% in the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock worth $903,895,000 after acquiring an additional 14,359,571 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 53.3% in the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after acquiring an additional 2,815,749 shares during the last quarter. Impala Asset Management LLC increased its stake in shares of Harley-Davidson by 60.2% in the second quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock worth $112,223,000 after acquiring an additional 780,371 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Harley-Davidson by 2,910.0% in the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock worth $30,245,000 after acquiring an additional 541,280 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Harley-Davidson by 68.3% in the second quarter. Great West Life Assurance Co. Can now owns 1,171,502 shares of the company’s stock worth $63,177,000 after acquiring an additional 475,539 shares during the last quarter. 92.05% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on HOG. Stifel Nicolaus reissued a “buy” rating and set a $48.00 target price (down from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. ValuEngine downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report 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 on the stock in a research report on Monday, August 14th. Finally, Wedbush reissued a “neutral” rating and set a $45.00 target price on shares of Harley-Davidson in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.50.

In related news, insider Lawrence G. Hund sold 8,660 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total value of $405,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jochen Zeitz sold 1,859 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,739 shares of company stock valued at $3,524,954. 0.70% of the stock is owned by corporate insiders.

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Harley-Davidson, Inc. (NYSE HOG) traded up $1.45 during midday trading on Friday, hitting $47.30. 4,136,900 shares of the company traded hands, compared to its average volume of 2,838,354. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. Harley-Davidson, Inc. has a twelve month low of $44.52 and a twelve month high of $63.40. The company has a market capitalization of $7,960.35, a PE ratio of 14.78, a PEG ratio of 1.62 and a beta of 0.94.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. During the same quarter last year, the company earned $0.64 earnings per share. The firm’s revenue was down 11.9% on a year-over-year basis. sell-side analysts predict that Harley-Davidson, Inc. will post 3.43 earnings per share for the current year.

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.

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

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