Brown Advisory Inc. Acquires 100 Shares of Harley-Davidson Inc. (HOG)
Brown Advisory Inc. raised its position in shares of Harley-Davidson Inc. (NYSE:HOG) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 81,767 shares of the company’s stock after buying an additional 100 shares during the period. Brown Advisory Inc.’s holdings in Harley-Davidson were worth $3,704,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Cutler Capital Management LLC raised its stake in shares of Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock worth $181,000 after buying an additional 1,000 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of Harley-Davidson during the first quarter worth approximately $208,000. Wedbush Securities Inc. raised its stake in shares of Harley-Davidson by 13.8% in the second quarter. Wedbush Securities Inc. now owns 4,758 shares of the company’s stock worth $216,000 after buying an additional 577 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Harley-Davidson during the second quarter worth approximately $259,000. Finally, Glassman Wealth Services raised its stake in shares of Harley-Davidson by 59.3% in the second quarter. Glassman Wealth Services now owns 5,842 shares of the company’s stock worth $265,000 after buying an additional 2,175 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.
Harley-Davidson Inc. (NYSE:HOG) traded up 4.20% during midday trading on Wednesday, reaching $52.56. 2,394,454 shares of the company’s stock traded hands. Harley-Davidson Inc. has a one year low of $36.36 and a one year high of $57.33. The stock’s 50 day moving average price is $52.77 and its 200-day moving average price is $48.64. The stock has a market cap of $9.49 billion, a PE ratio of 13.99 and a beta of 1.09.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business earned $1.86 billion during the quarter, compared to the consensus estimate of $1.67 billion. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. Equities analysts predict that Harley-Davidson Inc. will post $3.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th will be issued a $0.35 dividend. The ex-dividend date is Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.78%. Harley-Davidson’s dividend payout ratio (DPR) is 36.65%.
A number of analysts have commented on the stock. Wedbush restated a “hold” rating on shares of Harley-Davidson in a research note on Saturday. Vetr lowered shares of Harley-Davidson from a “strong-buy” rating to a “buy” rating and set a $51.44 price target for the company. in a research note on Tuesday, May 31st. Citigroup Inc. restated a “buy” rating and set a $51.00 price target on shares of Harley-Davidson in a research note on Monday, June 13th. Longbow Research restated a “hold” rating on shares of Harley-Davidson in a research note on Wednesday, June 15th. Finally, Barclays PLC lowered shares of Harley-Davidson from an “equal weight” rating to an “underperform” rating and decreased their price target for the company from $49.00 to $45.00 in a research note on Friday, July 29th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and a consensus price target of $51.40.
In other Harley-Davidson news, VP Paul J. Jones sold 2,517 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lawrence G. Hund sold 12,537 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the transaction, the insider now owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The disclosure for this sale can be found here. 0.99% 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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