Harley-Davidson, Inc. (HOG) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 965,765 shares of the company’s stock after purchasing an additional 31,591 shares during the period. Legal & General Group Plc owned about 0.57% of Harley-Davidson worth $46,563,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HOG. Louisiana State Employees Retirement System lifted its position in Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after purchasing an additional 100 shares during the period. Janney Montgomery Scott LLC lifted its position in Harley-Davidson by 5.3% during the second quarter. Janney Montgomery Scott LLC now owns 9,855 shares of the company’s stock valued at $532,000 after purchasing an additional 500 shares during the period. Korea Investment CORP lifted its position in Harley-Davidson by 44.0% during the second quarter. Korea Investment CORP now owns 37,558 shares of the company’s stock valued at $2,029,000 after purchasing an additional 11,472 shares during the period. IFP Advisors Inc lifted its position in Harley-Davidson by 8.1% during the second quarter. IFP Advisors Inc now owns 7,464 shares of the company’s stock valued at $403,000 after purchasing an additional 559 shares during the period. Finally, Global X Management Co. LLC raised its position in Harley-Davidson by 14.1% in the second quarter. Global X Management Co. LLC now owns 8,628 shares of the company’s stock worth $466,000 after acquiring an additional 1,063 shares during the period. Institutional investors own 96.33% of the company’s stock.

Shares of Harley-Davidson, Inc. (NYSE:HOG) traded up $0.24 during midday trading on Thursday, hitting $50.88. 2,109,100 shares of the stock were exchanged, compared to its average volume of 2,269,848. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of $8,522.47, a PE ratio of 15.82, a PEG ratio of 1.74 and a beta of 0.96. Harley-Davidson, Inc. has a 1 year low of $44.52 and a 1 year high of $63.40.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.87%. Harley-Davidson’s dividend payout ratio (DPR) is presently 45.63%.

Several research analysts have weighed in on HOG shares. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Wedbush set a $45.00 price target on shares of Harley-Davidson and gave the stock a “hold” rating in a research report on Sunday, October 8th. BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a research report on Friday, October 13th. Aegis started coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They issued a “hold” rating and a $49.00 price target on the stock. Finally, Goldman Sachs Group reiterated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.75.

In other news, Director Jochen Zeitz sold 1,859 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Levatich sold 19,447 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the completion of the sale, the chief executive officer now directly owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,726 shares of company stock valued at $2,816,641. Corporate insiders own 0.70% of the company’s stock.

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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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