MetLife Investment Advisors LLC Sells 1,687 Shares of Harley-Davidson Inc (HOG)
MetLife Investment Advisors LLC cut its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,995 shares of the company’s stock after selling 1,687 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Harley-Davidson were worth $2,062,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in HOG. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Harley-Davidson during the first quarter worth approximately $103,000. Whittier Trust Co. bought a new position in shares of Harley-Davidson during the second quarter worth approximately $112,000. Cribstone Capital Management LLC increased its holdings in shares of Harley-Davidson by 75.0% during the second quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock worth $118,000 after purchasing an additional 1,200 shares during the period. Banco de Sabadell S.A bought a new position in shares of Harley-Davidson during the first quarter worth approximately $127,000. Finally, CSat Investment Advisory L.P. bought a new position in shares of Harley-Davidson during the second quarter worth approximately $132,000. 85.85% of the stock is currently owned by institutional investors.
In related news, Director Jochen Zeitz sold 1,598 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $43.50, for a total transaction of $69,513.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lawrence G. Hund sold 37,040 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $43.33, for a total transaction of $1,604,943.20. Following the completion of the sale, the insider now owns 29,715 shares in the company, valued at approximately $1,287,550.95. The disclosure for this sale can be found here. Insiders have sold a total of 51,225 shares of company stock worth $2,221,739 in the last quarter. 0.58% of the stock is currently owned by company insiders.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.11. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.43 billion. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. equities analysts expect that Harley-Davidson Inc will post 3.87 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 18th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 17th. This represents a $1.48 annualized dividend and a dividend yield of 3.31%. Harley-Davidson’s dividend payout ratio is 42.29%.
Several brokerages have recently commented on HOG. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Citigroup raised their target price on shares of Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Royal Bank of Canada lowered their target price on shares of Harley-Davidson to $40.00 and set a “market perform” rating on the stock in a report on Tuesday, June 26th. Wedbush lowered their target price on shares of Harley-Davidson from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, June 7th. Finally, Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.27.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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