Legal & General Group Plc Purchases Shares of 76,307 Polaris Inc. $PII

Legal & General Group Plc purchased a new position in shares of Polaris Inc. (NYSE:PII) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,307 shares of the company’s stock, valued at approximately $5,222,000.

A number of other large investors also recently modified their holdings of PII. Goldman Sachs Group Inc. increased its position in Polaris by 677.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock worth $22,283,000 after purchasing an additional 474,259 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Polaris by 27.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after buying an additional 39,584 shares in the last quarter. Cetera Investment Advisers lifted its position in Polaris by 65.4% during the second quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock valued at $666,000 after buying an additional 6,475 shares in the last quarter. Prudential Financial Inc. grew its stake in Polaris by 17.8% during the second quarter. Prudential Financial Inc. now owns 8,347 shares of the company’s stock worth $339,000 after buying an additional 1,259 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Polaris by 43.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock worth $140,000 after acquiring an additional 1,037 shares in the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Price Performance

Shares of PII stock opened at $60.74 on Friday. The firm has a fifty day simple moving average of $68.02 and a 200-day simple moving average of $63.98. The company has a market capitalization of $3.46 billion, a PE ratio of -13.12 and a beta of 1.27. Polaris Inc. has a twelve month low of $47.14 and a twelve month high of $77.98. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Equities research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.5%. Polaris’s payout ratio is -58.75%.

Analyst Ratings Changes

PII has been the topic of a number of research reports. Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Wells Fargo & Company increased their price target on Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Robert W. Baird raised their price objective on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.00.

Polaris Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.