Suntrust Banks Inc. boosted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,625 shares of the company’s stock after acquiring an additional 828 shares during the period. Suntrust Banks Inc.’s holdings in Harley-Davidson were worth $411,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock valued at $384,000 after acquiring an additional 66 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after acquiring an additional 72 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after acquiring an additional 100 shares in the last quarter. Annex Advisory Services LLC raised its holdings in Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after acquiring an additional 102 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in Harley-Davidson by 0.3% in the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after acquiring an additional 127 shares in the last quarter. 91.04% of the stock is currently owned by hedge funds and other institutional investors.
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Harley-Davidson, Inc. (HOG) opened at 46.46 on Friday. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 13.60 and a beta of 0.87. The stock’s 50 day moving average is $47.66 and its 200 day moving average is $52.14. Harley-Davidson, Inc. has a 52-week low of $45.53 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ 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 was down 5.6% on a year-over-year basis. During the same period last year, the business earned $1.55 earnings per share. On average, analysts predict that Harley-Davidson, Inc. will post $3.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.365 per share. The ex-dividend date of this dividend was Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.14%. Harley-Davidson’s payout ratio is presently 42.44%.
Several analysts recently issued reports on the stock. BidaskClub raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $53.00 price target on shares of Harley-Davidson in a report on Sunday, June 18th. UBS AG reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Harley-Davidson in a report on Monday, June 26th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Harley-Davidson in a report on Tuesday, July 4th. Finally, ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.38.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.
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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