Macquarie Group Ltd. Buys 17,633 Shares of Harley-Davidson, Inc. (HOG)
Macquarie Group Ltd. grew its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 27.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,784 shares of the company’s stock after buying an additional 17,633 shares during the period. Macquarie Group Ltd.’s holdings in Harley-Davidson were worth $4,417,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Matrix Asset Advisors Inc. NY grew its position in shares of Harley-Davidson by 8.0% in the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after purchasing an additional 13,897 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Harley-Davidson in the first quarter valued at $257,000. Thompson Investment Management Inc. grew its position in shares of Harley-Davidson by 0.9% in the second quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock valued at $4,238,000 after purchasing an additional 686 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Harley-Davidson in the second quarter valued at $3,059,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Harley-Davidson in the second quarter valued at $1,388,000. 91.05% of the stock is owned by institutional investors.
In other Harley-Davidson 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 transaction of $708,313.34. Following the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company’s stock.
A number of brokerages have recently commented on HOG. Zacks Investment Research raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Sandler O’Neill downgraded Harley-Davidson from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $62.00 to $55.00 in a research report on Wednesday, July 12th. ValuEngine raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.47.
Harley-Davidson, Inc. (HOG) opened at 48.09 on Friday. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40. The firm’s 50 day moving average price is $47.68 and its 200-day moving average price is $51.67. The firm has a market cap of $8.39 billion, a PE ratio of 14.08 and a beta of 0.87.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. On average, analysts forecast that Harley-Davidson, Inc. will post $3.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 3.04%. The ex-dividend date was Monday, September 11th. Harley-Davidson’s payout ratio is 45.63%.
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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