Westpac Banking Corp lessened its stake in Harley-Davidson, Inc. (NYSE:HOG) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,222 shares of the company’s stock after selling 6,586 shares during the quarter. Westpac Banking Corp owned approximately 0.06% of Harley-Davidson worth $5,266,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Matrix Asset Advisors Inc. NY lifted its holdings in shares of Harley-Davidson by 8.0% in the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after purchasing an additional 13,897 shares in the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of Harley-Davidson by 0.9% in the second quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock valued at $4,238,000 after purchasing an additional 686 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Harley-Davidson in the second quarter valued at approximately $3,059,000. Zurich Insurance Group Ltd FI lifted its holdings in shares of Harley-Davidson by 24.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 45,526 shares of the company’s stock valued at $2,459,000 after purchasing an additional 8,908 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Harley-Davidson in the second quarter valued at approximately $1,388,000. Institutional investors own 91.98% of the company’s stock.
A number of research analysts have recently weighed in on HOG shares. Morgan Stanley dropped their target price on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, August 14th. Stifel Nicolaus raised their target price on Harley-Davidson from $48.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, October 18th. UBS AG restated a “hold” rating and issued a $47.00 target price on shares of Harley-Davidson in a report on Wednesday, September 13th. ValuEngine lowered Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the stock. Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $52.50.
In other news, Director Jochen Zeitz sold 1,859 shares of Harley-Davidson stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,739 shares of company stock valued at $3,524,954. 0.70% of the stock is owned by company insiders.
Harley-Davidson, Inc. (NYSE:HOG) opened at $47.04 on Friday. The firm has a market capitalization of $7,916.60, a price-to-earnings ratio of 14.70, a PEG ratio of 1.61 and a beta of 0.94. Harley-Davidson, Inc. has a 52-week low of $45.25 and a 52-week high of $63.40. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The company had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. analysts anticipate that Harley-Davidson, Inc. will post 3.43 EPS for the current year.
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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