Harley-Davidson, Inc. (HOG) Insider Lawrence G. Hund Sells 8,660 Shares
Harley-Davidson, Inc. (NYSE:HOG) insider Lawrence G. Hund sold 8,660 shares of Harley-Davidson stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total value of $405,980.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parthenon LLC grew its stake in Harley-Davidson by 32.4% during the third quarter. Parthenon LLC now owns 15,849 shares of the company’s stock worth $764,000 after purchasing an additional 3,875 shares during the period. Canada Pension Plan Investment Board grew its stake in Harley-Davidson by 8.2% during the third quarter. Canada Pension Plan Investment Board now owns 180,510 shares of the company’s stock worth $8,702,000 after purchasing an additional 13,648 shares during the period. Tufton Capital Management grew its stake in Harley-Davidson by 3.2% during the third quarter. Tufton Capital Management now owns 142,737 shares of the company’s stock worth $6,881,000 after purchasing an additional 4,375 shares during the period. Northern Capital Management LLC grew its stake in Harley-Davidson by 51.3% during the third quarter. Northern Capital Management LLC now owns 32,070 shares of the company’s stock worth $1,546,000 after purchasing an additional 10,875 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in Harley-Davidson during the third quarter worth approximately $269,000. 91.98% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on HOG shares. UBS AG reissued a “hold” rating and set a $47.00 price objective on shares of Harley-Davidson in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $51.00 price objective (down from $53.00) on shares of Harley-Davidson in a report on Thursday, July 13th. Aegis started coverage on Harley-Davidson in a report on Monday, August 28th. They set a “hold” rating and a $49.00 price objective for the company. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. Finally, Zacks Investment Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $52.50.
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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