LMR Partners LLP Acquires New Position in Harley-Davidson Inc. (HOG)
LMR Partners LLP bought a new stake in Harley-Davidson Inc. (NYSE:HOG) during the second quarter, Holdings Channel reports. The firm bought 7,893 shares of the company’s stock, valued at approximately $357,000.
Several other hedge funds and other institutional investors have also modified their holdings of HOG. Moore Capital Management LP acquired a new position in shares of Harley-Davidson during the first quarter worth approximately $8,983,000. Natixis acquired a new position in shares of Harley-Davidson during the first quarter worth approximately $6,101,000. Envestnet Asset Management Inc. raised its position in shares of Harley-Davidson by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 15,264 shares of the company’s stock worth $784,000 after buying an additional 919 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Harley-Davidson during the first quarter worth approximately $538,000. Finally, National Pension Service raised its position in shares of Harley-Davidson by 4.6% in the first quarter. National Pension Service now owns 138,247 shares of the company’s stock worth $7,096,000 after buying an additional 6,034 shares during the period. Institutional investors own 94.90% of the company’s stock.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded up 0.46% during trading on Thursday, hitting $50.42. The stock had a trading volume of 2,993,131 shares. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 13.42 and a beta of 1.05. Harley-Davidson Inc. has a one year low of $36.36 and a one year high of $57.33. The stock has a 50 day moving average price of $51.79 and a 200-day moving average price of $48.98.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The business earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. On average, equities research analysts predict that Harley-Davidson Inc. will post $3.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 2.79%. Harley-Davidson’s dividend payout ratio is presently 36.65%.
A number of brokerages have recently commented on HOG. Wedbush reiterated a “hold” rating on shares of Harley-Davidson in a report on Saturday, September 17th. Longbow Research reiterated a “hold” rating on shares of Harley-Davidson in a report on Wednesday, June 15th. Barclays PLC lowered Harley-Davidson from an “equal weight” rating to an “underperform” rating and cut their price target for the stock from $49.00 to $45.00 in a report on Friday, July 29th. RBC Capital Markets reiterated an “underperform” rating and set a $43.00 price target on shares of Harley-Davidson in a report on Friday, July 29th. Finally, Vetr lowered Harley-Davidson from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a report on Wednesday, June 29th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $51.16.
In other Harley-Davidson news, VP Paul J. Jones sold 2,517 shares of Harley-Davidson 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction on Friday, August 5th. The shares were 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 directly owns 16,922 shares of the company’s stock, valued at $900,758.06. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.
Harley-Davidson Company Profile
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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