Tufton Capital Management Has $6,264,000 Stake in Harley-Davidson Inc. (HOG)
Tufton Capital Management cut its position in Harley-Davidson Inc. (NYSE:HOG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,278 shares of the company’s stock after selling 3,567 shares during the period. Tufton Capital Management’s holdings in Harley-Davidson were worth $6,264,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. First Republic Investment Management Inc. purchased a new position in Harley-Davidson during the first quarter worth approximately $208,000. Stoneridge Investment Partners LLC purchased a new position in Harley-Davidson during the second quarter worth approximately $259,000. Sigma Planning Corp increased its position in Harley-Davidson by 5.1% in the second quarter. Sigma Planning Corp now owns 6,495 shares of the company’s stock worth $294,000 after buying an additional 318 shares during the period. Charter Trust Co. increased its position in Harley-Davidson by 35.0% in the second quarter. Charter Trust Co. now owns 6,504 shares of the company’s stock worth $295,000 after buying an additional 1,685 shares during the period. Finally, Eqis Capital Management Inc. increased its position in Harley-Davidson by 53.5% in the second quarter. Eqis Capital Management Inc. now owns 7,935 shares of the company’s stock worth $359,000 after buying an additional 2,764 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded up 3.93% during midday trading on Wednesday, reaching $52.42. The company had a trading volume of 9,445,784 shares. The company has a market capitalization of $9.47 billion, a P/E ratio of 13.95 and a beta of 1.09. Harley-Davidson Inc. has a 12 month low of $36.36 and a 12 month high of $57.33. The firm’s 50 day moving average price is $52.80 and its 200-day moving average price is $48.66.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Analysts anticipate that Harley-Davidson Inc. will post $3.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Tuesday, September 13th will be paid 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 2.67%. Harley-Davidson’s payout ratio is currently 36.65%.
A number of research firms recently commented on HOG. Vetr upgraded Harley-Davidson from a “sell” rating to a “hold” rating and set a $53.25 price target for the company in a research note on Tuesday, August 23rd. Argus reissued a “hold” rating on shares of Harley-Davidson in a report on Monday, August 1st. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $47.00 target price on shares of Harley-Davidson in a report on Wednesday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $66.00 target price on shares of Harley-Davidson in a report on Friday, September 9th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $49.00 target price on shares of Harley-Davidson in a report on Thursday, July 7th. 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.40.
In related news, VP Paul J. Jones sold 2,517 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $54.03, for a total value of $135,993.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the sale, the insider now directly owns 16,922 shares in the company, valued at approximately $900,758.06. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by corporate 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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