Isthmus Partners LLC Has $108,000 Holdings in Harley-Davidson, Inc. (HOG)
Isthmus Partners LLC maintained its position in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,004 shares of the company’s stock at the close of the 2nd quarter. Isthmus Partners LLC’s holdings in Harley-Davidson were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of HOG. BlackRock Inc. lifted its holdings in shares of Harley-Davidson by 2,897.2% during the 1st quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $639,479,000 after acquiring an additional 10,217,239 shares during the last quarter. Impala Asset Management LLC lifted its holdings in shares of Harley-Davidson by 60.2% during the 2nd quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock worth $112,223,000 after acquiring an additional 780,371 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Harley-Davidson by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $1,053,712,000 after acquiring an additional 534,966 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Harley-Davidson by 68.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,171,502 shares of the company’s stock worth $63,177,000 after acquiring an additional 475,539 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Harley-Davidson by 415.8% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 490,000 shares of the company’s stock worth $26,469,000 after acquiring an additional 395,000 shares during the last quarter. 91.04% of the stock is owned by institutional investors.
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A number of equities analysts recently commented on the stock. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 4th. UBS AG reiterated a “neutral” rating and issued a $57.00 target price on shares of Harley-Davidson in a research report on Monday, June 26th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Finally, Aegis assumed coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They issued a “hold” rating and a $49.00 target price on the stock. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $53.94.
Shares of Harley-Davidson, Inc. (HOG) traded up 0.08% during trading on Wednesday, hitting $48.18. 88,352 shares of the company traded hands. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40. The company has a 50 day moving average price of $47.57 and a 200 day moving average price of $53.55. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 14.11 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The firm 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 business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. On average, analysts expect that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Monday, September 11th. Harley-Davidson’s dividend payout ratio is presently 42.44%.
In related news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the transaction, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company 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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