HighVista Strategies LLC Takes $432,000 Position in Harley-Davidson, Inc. (HOG)
HighVista Strategies LLC bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,000 shares of the company’s stock, valued at approximately $432,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Geneva Advisors LLC raised its stake in Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after purchasing an additional 200 shares during the period. Northside Capital Management LLC bought a new stake in Harley-Davidson during the 1st quarter valued at approximately $218,000. Wedbush Securities Inc. raised its stake in Harley-Davidson by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after purchasing an additional 700 shares during the period. Annex Advisory Services LLC raised its stake in Harley-Davidson by 2.5% during the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after purchasing an additional 102 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Harley-Davidson by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock valued at $224,000 after purchasing an additional 117 shares during the period. 91.04% of the stock is currently owned by institutional investors.
Harley-Davidson, Inc. (NYSE:HOG) traded down 1.91% during trading on Friday, reaching $48.21. The company had a trading volume of 1,604,537 shares. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40. The company’s 50-day moving average is $47.57 and its 200 day moving average is $53.55. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 14.12 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the 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 firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts anticipate that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were issued a $0.365 dividend. The ex-dividend date was Monday, September 11th. This represents a $1.46 annualized dividend and a dividend yield of 3.03%. Harley-Davidson’s dividend payout ratio is presently 42.44%.
In related news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the sale, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.
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Several analysts recently issued reports on HOG shares. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $51.00 target price (down previously from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. UBS AG reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Harley-Davidson in a research note on Wednesday, September 13th. Aegis initiated coverage on Harley-Davidson in a research note on Monday, August 28th. They issued a “hold” rating and a $49.00 price objective on the stock. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $53.94.
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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