Harley-Davidson Inc (HOG) Shares Sold by DnB Asset Management AS
DnB Asset Management AS cut its holdings in Harley-Davidson Inc (NYSE:HOG) by 13.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,511 shares of the company’s stock after selling 2,600 shares during the quarter. DnB Asset Management AS’s holdings in Harley-Davidson were worth $840,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC boosted its stake in shares of Harley-Davidson by 25.7% during the third quarter. Parametric Portfolio Associates LLC now owns 486,378 shares of the company’s stock valued at $23,448,000 after purchasing an additional 99,307 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Harley-Davidson during the third quarter valued at about $166,000. Robinson Value Management Ltd. boosted its stake in shares of Harley-Davidson by 3.5% during the third quarter. Robinson Value Management Ltd. now owns 31,959 shares of the company’s stock valued at $1,541,000 after purchasing an additional 1,066 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Harley-Davidson during the third quarter valued at about $280,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Harley-Davidson during the third quarter valued at about $368,000. 97.18% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on HOG shares. Zacks Investment Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Wedbush reissued a “neutral” rating and set a $45.00 price target on shares of Harley-Davidson in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $48.00 price target (down from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. BMO Capital Markets reissued a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a research note on Friday, October 13th. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $52.82.
Harley-Davidson Inc (HOG) opened at $51.98 on Wednesday. Harley-Davidson Inc has a 1 year low of $44.52 and a 1 year high of $63.40. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. The stock has a market capitalization of $9,156.94, a PE ratio of 16.24, a PEG ratio of 1.74 and a beta of 0.96.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. research analysts predict that Harley-Davidson Inc will post 3.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.365 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.81%. Harley-Davidson’s dividend payout ratio (DPR) is 45.63%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 8,660 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total value of $405,980.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the sale, the chief executive officer now owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The disclosure for this sale can be found here. Insiders have sold 58,726 shares of company stock valued at $2,816,641 over the last 90 days. 0.70% of the stock is owned by corporate insiders.
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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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