Candriam Luxembourg S.C.A. Has $255,000 Position in Harley-Davidson Inc. (HOG)
Candriam Luxembourg S.C.A. continued to hold its position in shares of Harley-Davidson Inc. (NYSE:HOG) during the second quarter, Holdings Channel reports. The fund owned 5,624 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Harley-Davidson were worth $255,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of HOG. Stoneridge Investment Partners LLC purchased a new position in shares of Harley-Davidson during the second quarter valued at about $259,000. Sigma Planning Corp increased its position in shares of Harley-Davidson by 5.1% in the second quarter. Sigma Planning Corp now owns 6,495 shares of the company’s stock valued at $294,000 after buying an additional 318 shares in the last quarter. Charter Trust Co. increased its position in shares of Harley-Davidson by 35.0% in the second quarter. Charter Trust Co. now owns 6,504 shares of the company’s stock valued at $295,000 after buying an additional 1,685 shares in the last quarter. Parthenon LLC increased its position in shares of Harley-Davidson by 9.9% in the second quarter. Parthenon LLC now owns 6,675 shares of the company’s stock valued at $302,000 after buying an additional 600 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its position in shares of Harley-Davidson by 53.5% in the second quarter. Eqis Capital Management Inc. now owns 7,935 shares of the company’s stock valued at $359,000 after buying an additional 2,764 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Harley-Davidson Inc. (NYSE:HOG) traded up 0.46% during trading on Thursday, reaching $50.42. 3,030,091 shares of the company’s stock traded hands. The company has a 50-day moving average price of $51.79 and a 200 day moving average price of $48.98. Harley-Davidson Inc. has a one year low of $36.36 and a one year high of $57.33. The firm has a market capitalization of $9.11 billion, a PE ratio of 13.42 and a beta of 1.05.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating 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 business earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business posted $1.44 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts anticipate that Harley-Davidson Inc. will post $3.87 earnings per share for the current fiscal year.
The company also recently announced 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. This represents a $1.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Friday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is 36.65%.
Several research analysts have recently issued reports on HOG shares. TheStreet upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Citigroup Inc. increased their price objective on shares of Harley-Davidson from $51.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Vetr upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.25 price objective on the stock in a research report on Wednesday, September 14th. Barclays PLC restated an “equal weight” rating and set a $49.00 price objective on shares of Harley-Davidson in a research report on Thursday, July 7th. Finally, Stifel Nicolaus downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.16.
In other news, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the transaction, the insider now directly owns 16,922 shares of the company’s stock, valued at $900,758.06. 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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