Lawrence G. Hund Sells 15,013 Shares of Harley-Davidson, Inc. (HOG) Stock
Harley-Davidson, Inc. (NYSE:HOG) insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction 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 transaction, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Harley-Davidson, Inc. (NYSE HOG) traded up 0.77% during midday trading on Friday, hitting $47.37. The stock had a trading volume of 1,222,191 shares. Harley-Davidson, Inc. has a one year low of $46.00 and a one year high of $63.40. The firm has a market capitalization of $8.26 billion, a PE ratio of 13.87 and a beta of 0.84. The firm’s 50-day moving average price is $48.24 and its 200-day moving average price is $54.45.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. On average, equities analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 annualized dividend and a dividend yield of 3.08%. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.44%.
Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Wayne Hummer Investments L.L.C. bought a new position in Harley-Davidson during the first quarter valued at about $200,000. Independent Advisor Alliance raised its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares in the last quarter. Appleton Group LLC bought a new position in Harley-Davidson during the first quarter valued at about $210,000. Northside Capital Management LLC bought a new position in Harley-Davidson during the first quarter valued at about $218,000. Finally, Pacer Advisors Inc. raised its position in Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock valued at $224,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.
A number of research analysts have issued reports on the company. BidaskClub upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. ValuEngine upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price target on shares of Harley-Davidson in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have assigned a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $55.06.
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.
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.