Harman International Industries Inc. (NYSE:HAR) shares were up 4% during mid-day trading on Wednesday . The stock traded as high as $81.35 and last traded at $81.09, with a volume of 564,962 shares. The stock had previously closed at $77.98.

Several research analysts recently issued reports on HAR shares. Zacks Investment Research cut shares of Harman International Industries from a “hold” rating to a “sell” rating in a report on Monday, April 11th. Barclays PLC reissued an “overweight” rating and set a $103.00 price target (down from $105.00) on shares of Harman International Industries in a report on Tuesday. Northcoast Research started coverage on shares of Harman International Industries in a report on Tuesday, June 14th. They set a “buy” rating and a $105.00 price target for the company. Goldman Sachs Group Inc. started coverage on shares of Harman International Industries in a report on Thursday, March 31st. They set a “buy” rating and a $110.00 price target for the company. Finally, FBR & Co reissued a “hold” rating on shares of Harman International Industries in a report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Harman International Industries currently has an average rating of “Buy” and a consensus price target of $99.88.

The firm has a market cap of $5.71 billion and a price-to-earnings ratio of 16.19. The company’s 50 day moving average is $75.49 and its 200-day moving average is $78.39.

Harman International Industries (NYSE:HAR) last posted its earnings results on Thursday, April 28th. The company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by $0.08. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.69 billion. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 earnings per share. Equities research analysts predict that Harman International Industries Inc. will post $6.19 EPS for the current fiscal year.

In other news, CMO Ralph Santana sold 3,650 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $72.17, for a total value of $263,420.50. Following the sale, the chief marketing officer now owns 3,650 shares of the company’s stock, valued at approximately $263,420.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several large investors have recently bought and sold shares of the company. Aberdeen Asset Management PLC UK raised its stake in Harman International Industries by 19.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 12,609 shares of the company’s stock valued at $1,324,000 after buying an additional 2,012 shares during the last quarter. Shell Asset Management Co. purchased a new stake in Harman International Industries during the fourth quarter valued at $1,207,000. ProShare Advisors LLC raised its stake in Harman International Industries by 5.4% in the fourth quarter. ProShare Advisors LLC now owns 14,503 shares of the company’s stock valued at $1,366,000 after buying an additional 744 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Harman International Industries by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 19,430 shares of the company’s stock valued at $1,831,000 after buying an additional 200 shares during the last quarter. Finally, Twin Capital Management Inc. raised its stake in Harman International Industries by 0.7% in the fourth quarter. Twin Capital Management Inc. now owns 19,900 shares of the company’s stock valued at $1,875,000 after buying an additional 130 shares during the last quarter.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.