Hartford Investment Management Co. Boosts Position in Harley-Davidson, Inc. (NYSE:HOG)
Hartford Investment Management Co. boosted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,775 shares of the company’s stock after buying an additional 2,037 shares during the period. Hartford Investment Management Co.’s holdings in Harley-Davidson were worth $2,257,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in Harley-Davidson by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 268,645 shares of the company’s stock valued at $15,673,000 after buying an additional 13,353 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in Harley-Davidson during the fourth quarter valued at about $748,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Harley-Davidson during the fourth quarter valued at about $334,000. Chevy Chase Trust Holdings Inc. raised its stake in Harley-Davidson by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,097 shares of the company’s stock valued at $9,202,000 after buying an additional 4,305 shares in the last quarter. Finally, Manning & Napier Advisors LLC raised its stake in Harley-Davidson by 14.0% in the first quarter. Manning & Napier Advisors LLC now owns 32,778 shares of the company’s stock valued at $1,982,000 after buying an additional 4,014 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Harley-Davidson, Inc. (NYSE HOG) traded up 0.13% during mid-day trading on Friday, hitting $48.05. The stock had a trading volume of 958,220 shares. The stock has a 50 day moving average of $52.26 and a 200-day moving average of $56.05. Harley-Davidson, Inc. has a 52 week low of $46.00 and a 52 week high of $63.40. The stock has a market capitalization of $8.38 billion, a P/E ratio of 14.07 and a beta of 0.84.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 earnings per share. On average, equities research analysts predict that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
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HOG has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research report on Thursday, April 6th. DA Davidson raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Raymond James Financial, Inc. raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Stifel Nicolaus reissued a “hold” rating and set a $63.00 price target (up from $58.00) on shares of Harley-Davidson in a report on Friday, April 14th. Finally, UBS AG reissued a “neutral” rating and set a $57.00 price target on shares of Harley-Davidson in a report on Monday, April 17th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $54.83.
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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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