Alliancebernstein L.P. Increases Holdings in Harley-Davidson, Inc. (HOG)
Alliancebernstein L.P. raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,436 shares of the company’s stock after buying an additional 3,471 shares during the quarter. Alliancebernstein L.P. owned about 0.20% of Harley-Davidson worth $18,498,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Matrix Asset Advisors Inc. NY raised its stake in Harley-Davidson by 8.0% during the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after buying an additional 13,897 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Harley-Davidson during the first quarter valued at approximately $257,000. Thompson Investment Management Inc. raised its stake in Harley-Davidson by 0.9% during the second quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock valued at $4,238,000 after buying an additional 686 shares in the last quarter. SeaBridge Investment Advisors LLC raised its stake in Harley-Davidson by 31.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 121,818 shares of the company’s stock valued at $6,581,000 after buying an additional 29,310 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Harley-Davidson during the second quarter valued at approximately $1,388,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
In related news, insider Lawrence G. Hund sold 15,013 shares of the business’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 owns 23,673 shares in the company, valued at approximately $1,116,892.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.
Harley-Davidson, Inc. (NYSE HOG) opened at 48.24 on Friday. The firm’s 50-day moving average price is $47.57 and its 200-day moving average price is $53.55. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 14.13 and a beta of 0.86. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company posted $1.55 EPS. Harley-Davidson’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts expect that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Monday, September 11th. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.44%.
Several analysts have issued reports on the company. UBS AG restated a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a research note on Tuesday, June 13th. ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Morgan Stanley dropped their price target on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, August 14th. Finally, Stifel Nicolaus dropped their price target on Harley-Davidson from $61.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.94.
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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