Principal Financial Group Inc. Has $14.87 Million Holdings in Harley-Davidson, Inc. (HOG)
Principal Financial Group Inc. raised its position in Harley-Davidson, Inc. (NYSE:HOG) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,222 shares of the company’s stock after buying an additional 280 shares during the period. Principal Financial Group Inc. owned 0.16% of Harley-Davidson worth $14,867,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Independent Advisor Alliance increased its stake in Harley-Davidson by 491.5% in the 1st quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. purchased a new stake in Harley-Davidson in the 1st quarter valued at about $200,000. Geneva Advisors LLC increased its stake in Harley-Davidson by 5.4% in the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after buying an additional 200 shares during the last quarter. Northside Capital Management LLC purchased a new stake in Harley-Davidson in the 1st quarter valued at about $218,000. Finally, Wedbush Securities Inc. increased its stake in Harley-Davidson by 20.7% in the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.
A number of research firms have recently weighed in on HOG. Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Sandler O’Neill downgraded shares of Harley-Davidson from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $62.00 to $55.00 in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $53.94.
Harley-Davidson, Inc. (NYSE HOG) opened at 48.56 on Tuesday. The firm has a 50-day moving average of $47.58 and a 200 day moving average of $53.63. The company has a market capitalization of $8.47 billion, a P/E ratio of 14.22 and a beta of 0.86. Harley-Davidson, Inc. has a one year low of $45.53 and a one year high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. On average, equities analysts forecast that Harley-Davidson, Inc. will post $3.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be given a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.01%. Harley-Davidson’s payout ratio is currently 42.44%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% 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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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