Thompson Investment Management Inc. increased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 5.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,155 shares of the company’s stock after buying an additional 5,417 shares during the quarter. Thompson Investment Management Inc. owned about 0.07% of Harley-Davidson worth $3,926,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in HOG. Bank of New York Mellon Corp grew its stake in Harley-Davidson by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,004,889 shares of the company’s stock worth $501,795,000 after buying an additional 931,941 shares during the last quarter. Van ECK Associates Corp purchased a new position in shares of Harley-Davidson in the 2nd quarter valued at approximately $30,507,000. Nuveen Asset Management LLC purchased a new position in shares of Harley-Davidson in the 2nd quarter valued at approximately $21,120,000. Jupiter Asset Management Ltd. grew its stake in shares of Harley-Davidson by 17.8% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,868,048 shares of the company’s stock valued at $138,476,000 after purchasing an additional 584,557 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Harley-Davidson by 3.2% in the 2nd quarter. BlackRock Inc. now owns 14,685,602 shares of the company’s stock valued at $526,185,000 after purchasing an additional 455,044 shares during the last quarter. Hedge funds and other institutional investors own 93.45% of the company’s stock.
Shares of Harley-Davidson stock traded up $0.14 during trading on Friday, reaching $39.39. The company’s stock had a trading volume of 993,378 shares, compared to its average volume of 2,024,886. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 2.51. Harley-Davidson Inc has a 12-month low of $30.17 and a 12-month high of $43.69. The company has a market capitalization of $6.18 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. The business has a 50 day moving average price of $36.75 and a 200-day moving average price of $35.30.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. Harley-Davidson had a return on equity of 28.84% and a net margin of 7.55%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Research analysts predict that Harley-Davidson Inc will post 3.38 EPS for the current fiscal year.
In related news, insider Lawrence G. Hund sold 8,000 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $40.22, for a total value of $321,760.00. Following the sale, the insider now directly owns 10,593 shares in the company, valued at $426,050.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.86% of the stock is owned by insiders.
Several brokerages have weighed in on HOG. Wedbush lowered their target price on Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Longbow Research reiterated a “hold” rating on shares of Harley-Davidson in a research note on Monday, September 23rd. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a research note on Thursday, October 24th. ValuEngine downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, KeyCorp downgraded Harley-Davidson from a “sector weight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Monday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $38.63.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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