New Mexico Educational Retirement Board lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 9.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,229 shares of the company’s stock after selling 1,600 shares during the period. New Mexico Educational Retirement Board’s holdings in Harley-Davidson were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of HOG. Vanguard Group Inc. boosted its stake in Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $1,053,712,000 after buying an additional 534,966 shares during the period. BlackRock Inc. boosted its stake in Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $639,479,000 after buying an additional 10,217,239 shares during the period. Independent Franchise Partners LLP boosted its stake in Harley-Davidson by 0.6% in the second quarter. Independent Franchise Partners LLP now owns 5,285,536 shares of the company’s stock worth $285,524,000 after buying an additional 33,969 shares during the period. LSV Asset Management boosted its stake in Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock worth $242,267,000 after buying an additional 80,843 shares during the period. Finally, Morgan Stanley boosted its stake in Harley-Davidson by 10.1% in the first quarter. Morgan Stanley now owns 3,533,329 shares of the company’s stock worth $213,767,000 after buying an additional 322,982 shares during the period. Institutional investors own 87.39% of the company’s stock.

Harley-Davidson, Inc. (NYSE HOG) opened at 47.68 on Wednesday. The stock has a 50 day moving average price of $50.18 and a 200-day moving average price of $55.25. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 13.96 and a beta of 0.84. Harley-Davidson, Inc. has a 1-year low of $46.00 and a 1-year 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm posted $1.55 EPS. Harley-Davidson’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Harley-Davidson, Inc. will post $3.39 EPS for the current year.

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HOG has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating for the company in a research report on Monday. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reduced their price objective on Harley-Davidson from $60.00 to $57.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 19th. Finally, Stifel Nicolaus reduced their price objective on Harley-Davidson from $61.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and an average target price of $54.56.

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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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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