Conning Inc. Has $234,000 Stake in Harley-Davidson Inc. (HOG)
Conning Inc. reduced its position in shares of Harley-Davidson Inc. (NYSE:HOG) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 5,166 shares of the company’s stock after selling 20 shares during the period. Conning Inc.’s holdings in Harley-Davidson were worth $234,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Dodge & Cox boosted its stake in shares of Harley-Davidson by 20.9% in the first quarter. Dodge & Cox now owns 9,327,733 shares of the company’s stock worth $478,793,000 after buying an additional 1,614,713 shares during the period. Marathon Asset Management LLP boosted its stake in shares of Harley-Davidson by 1.9% in the second quarter. Marathon Asset Management LLP now owns 1,477,217 shares of the company’s stock worth $66,921,000 after buying an additional 27,816 shares during the period. HL Financial Services LLC boosted its stake in shares of Harley-Davidson by 10.5% in the second quarter. HL Financial Services LLC now owns 1,051,021 shares of the company’s stock worth $47,611,000 after buying an additional 99,490 shares during the period. PGGM Investments boosted its stake in shares of Harley-Davidson by 29.1% in the second quarter. PGGM Investments now owns 777,640 shares of the company’s stock worth $35,227,000 after buying an additional 175,384 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Harley-Davidson during the first quarter worth approximately $39,568,000. 94.90% of the stock is owned by institutional investors.
Harley-Davidson Inc. (NYSE:HOG) traded down 2.22% during midday trading on Thursday, reaching $50.16. The company had a trading volume of 4,186,766 shares. The stock’s 50 day moving average is $52.20 and its 200 day moving average is $48.95. Harley-Davidson Inc. has a 12-month low of $36.36 and a 12-month high of $57.33. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 13.35 and a beta of 1.05.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The firm 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 company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. Equities research analysts expect that Harley-Davidson Inc. will post $3.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.79%. Harley-Davidson’s dividend payout ratio is 36.65%.
HOG has been the subject of a number of recent analyst reports. Wells Fargo & Co. cut Harley-Davidson from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Vetr cut Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price target for the company. in a research note on Monday, August 8th. Longbow Research cut Harley-Davidson from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $52.57 to $40.00 in a research note on Monday, August 29th. Citigroup Inc. reaffirmed a “buy” rating and issued a $51.00 price target on shares of Harley-Davidson in a research note on Monday, June 13th. Finally, UBS AG reissued a “neutral” rating and set a $55.00 target price on shares of Harley-Davidson in a research note on Sunday, August 14th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $51.16.
In other news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was 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 owns 16,922 shares in the company, valued at $900,758.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.03, for a total value of $135,993.51. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
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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