Harley-Davidson, Inc. (NYSE:HOG) Stake Lowered by Texas Permanent School Fund
Texas Permanent School Fund lowered its position in Harley-Davidson, Inc. (NYSE:HOG) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 49,180 shares of the company’s stock after selling 2,345 shares during the period. Texas Permanent School Fund’s holdings in Harley-Davidson were worth $2,657,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in HOG. Independent Advisor Alliance raised its stake in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. bought a new stake in shares of Harley-Davidson during the first quarter worth $200,000. Stokes & Hubbell Capital Management LLC bought a new stake in shares of Harley-Davidson during the first quarter worth $201,000. Appleton Group LLC bought a new stake in shares of Harley-Davidson during the first quarter worth $210,000. Finally, Northside Capital Management LLC bought a new stake in shares of Harley-Davidson during the first quarter worth $218,000. 85.14% of the stock is owned by hedge funds and other institutional investors.
Harley-Davidson, Inc. (NYSE:HOG) opened at 48.06 on Tuesday. The stock has a 50 day moving average of $52.26 and a 200-day moving average of $56.05. The stock has a market cap of $8.38 billion, a P/E ratio of 14.07 and a beta of 0.84. Harley-Davidson, Inc. has a 12 month low of $46.00 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. On average, equities analysts forecast that Harley-Davidson, Inc. will post $3.39 EPS for the current fiscal year.
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A number of equities research analysts recently weighed in on the stock. UBS AG reiterated a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a report on Monday, April 17th. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of Harley-Davidson in a report on Tuesday, July 4th. Barclays PLC reiterated an “equal weight” rating and set a $52.00 price objective (down previously from $53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Finally, Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and a consensus 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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