Financial Architects Inc continued to hold its position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, Holdings Channel reports. The fund owned 5,300 shares of the company’s stock at the end of the second quarter. Financial Architects Inc’s holdings in Harley-Davidson were worth $286,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of HOG. BlackRock Inc. boosted its position in shares of Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $639,479,000 after buying an additional 10,217,239 shares in the last quarter. Vanguard Group Inc. boosted its stake in Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $1,053,712,000 after buying an additional 534,966 shares during the period. AKO Capital LLP acquired a new stake in Harley-Davidson during the first quarter worth $26,336,000. FMR LLC boosted its stake in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $33,578,000 after buying an additional 402,811 shares during the period. Finally, Marathon Asset Management LLP boosted its stake in Harley-Davidson by 32.6% in the second quarter. Marathon Asset Management LLP now owns 1,472,214 shares of the company’s stock worth $79,529,000 after buying an additional 362,165 shares during the period. 85.17% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson, Inc. (NYSE HOG) traded up 0.60% on Monday, reaching $48.55. 718,851 shares of the company’s stock were exchanged. The firm has a market cap of $8.47 billion, a PE ratio of 14.22 and a beta of 0.86. Harley-Davidson, Inc. has a 12 month low of $46.00 and a 12 month high of $63.40. The firm’s 50-day moving average is $53.21 and its 200-day moving average is $56.65.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 earnings per share. On average, equities analysts forecast that Harley-Davidson, Inc. will post $3.46 earnings per share for the current year.
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HOG has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 price objective (up previously from $58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 price objective (down from $52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $54.00 price objective on shares of Harley-Davidson in a research report on Tuesday, April 18th. Robert W. Baird reiterated a “neutral” rating and set a $62.00 price objective on shares of Harley-Davidson in a research report on Wednesday, June 7th. Finally, DA Davidson upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.83.
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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