Heritage Investors Management Corp Sells 14,086 Shares of Harley-Davidson Inc (HOG)

Heritage Investors Management Corp lowered its position in Harley-Davidson Inc (NYSE:HOG) by 33.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,641 shares of the company’s stock after selling 14,086 shares during the period. Heritage Investors Management Corp’s holdings in Harley-Davidson were worth $1,252,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. bought a new position in Harley-Davidson in the second quarter worth approximately $112,000. Cribstone Capital Management LLC boosted its holdings in Harley-Davidson by 75.0% in the second quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock worth $118,000 after acquiring an additional 1,200 shares in the last quarter. CSat Investment Advisory L.P. bought a new position in Harley-Davidson in the second quarter worth approximately $132,000. Whittier Trust Co. of Nevada Inc. bought a new position in Harley-Davidson in the second quarter worth approximately $183,000. Finally, Comerica Securities Inc. bought a new position in Harley-Davidson in the third quarter worth approximately $202,000. Institutional investors and hedge funds own 85.72% of the company’s stock.

HOG has been the topic of several recent research reports. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. ValuEngine upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Citigroup cut their price target on Harley-Davidson from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Stifel Nicolaus increased their price target on Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, July 25th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price target (down previously from $52.00) on shares of Harley-Davidson in a report on Friday, October 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.38.

In other news, CFO John A. Olin sold 12,587 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total value of $547,282.76. Following the completion of the sale, the chief financial officer now directly owns 55,016 shares of the company’s stock, valued at $2,392,095.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Shares of Harley-Davidson stock opened at $40.73 on Friday. The company has a market capitalization of $6.82 billion, a PE ratio of 10.04, a P/E/G ratio of 1.32 and a beta of 1.08. Harley-Davidson Inc has a 52 week low of $35.76 and a 52 week high of $56.50. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.08 and a quick ratio of 0.95.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.53 by $0.25. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 33.57% and a net margin of 10.66%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts predict that Harley-Davidson Inc will post 3.88 earnings per share for the current fiscal year.

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About Harley-Davidson

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

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