Westpac Banking Corp Increases Position in Harley-Davidson Inc. (HOG)
Westpac Banking Corp boosted its stake in shares of Harley-Davidson Inc. (NYSE:HOG) by 170.6% during the second quarter, Holdings Channel reports. The fund owned 118,603 shares of the company’s stock after buying an additional 74,770 shares during the period. Westpac Banking Corp owned about 0.07% of Harley-Davidson worth $5,330,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in HOG. Norges Bank purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at about $84,485,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Harley-Davidson by 6.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,827 shares of the company’s stock worth $2,301,000 after buying an additional 2,725 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Harley-Davidson by 4.2% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 44,806 shares of the company’s stock worth $2,300,000 after buying an additional 1,802 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Harley-Davidson by 30.3% in the first quarter. Sigma Planning Corp now owns 6,177 shares of the company’s stock worth $317,000 after buying an additional 1,435 shares during the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Harley-Davidson during the first quarter worth $371,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Shares of Harley-Davidson Inc. (NYSE:HOG) opened at 52.65 on Thursday. The stock has a 50 day moving average price of $52.80 and a 200-day moving average price of $48.66. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 14.01 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.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that Harley-Davidson Inc. will post $3.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders 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 dividend yield of 2.67%. Harley-Davidson’s payout ratio is 36.65%.
HOG has been the topic of a number of research reports. Wells Fargo & Co. cut Harley-Davidson from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Vetr cut Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price target on the stock. in a research report on Monday, August 8th. Longbow Research cut Harley-Davidson from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $52.57 to $40.00 in a research report on Monday, August 29th. Citigroup Inc. reiterated a “buy” rating and set a $51.00 price target on shares of Harley-Davidson in a research report on Monday, June 13th. Finally, Goldman Sachs Group Inc. cut Harley-Davidson from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $50.00 in a research report on Monday, June 6th. Five investment 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. Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $51.40.
In other news, 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 value of $667,344.51. Following the sale, the insider now directly owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by 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.
Want to see what other hedge funds are holding HOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harley-Davidson Inc. (NYSE:HOG).
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.