Harley-Davidson, Inc. (HOG) Shares Sold by Riverhead Capital Management LLC
Riverhead Capital Management LLC cut its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 12.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,087 shares of the company’s stock after selling 5,957 shares during the period. Riverhead Capital Management LLC’s holdings in Harley-Davidson were worth $2,219,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance boosted its position in shares of Harley-Davidson by 491.5% in the 1st quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after purchasing an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. acquired a new stake in Harley-Davidson during the 1st quarter worth $200,000. Geneva Advisors LLC raised its stake in Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after buying an additional 200 shares during the period. Northside Capital Management LLC acquired a new stake in Harley-Davidson during the 1st quarter worth $218,000. Finally, Wedbush Securities Inc. raised its stake in Harley-Davidson by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 91.06% of the company’s stock.
Several analysts recently commented on HOG shares. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $51.00 price objective (down previously from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Aegis began coverage on Harley-Davidson in a research report on Monday, August 28th. They issued a “hold” rating and a $49.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 4th. Finally, Barclays PLC lowered their target price on Harley-Davidson from $52.00 to $45.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the company. Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $53.94.
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In other news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the sale, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.
Harley-Davidson, Inc. (NYSE:HOG) opened at 48.90 on Friday. The stock has a market cap of $8.53 billion, a PE ratio of 14.32 and a beta of 0.86. Harley-Davidson, Inc. has a 12 month low of $45.53 and a 12 month high of $63.40. The company has a 50-day moving average of $47.66 and a 200-day moving average of $53.82.
Harley-Davidson (NYSE:HOG) last announced 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. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts forecast that Harley-Davidson, Inc. will post $3.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Monday, September 11th. Harley-Davidson’s dividend payout ratio is currently 42.44%.
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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