Baird Financial Group Inc. decreased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,202 shares of the company’s stock after selling 2,042 shares during the quarter. Baird Financial Group Inc.’s holdings in Harley-Davidson were worth $577,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Xponance Inc. raised its position in Harley-Davidson by 2.2% in the second quarter. Xponance Inc. now owns 17,742 shares of the company’s stock valued at $562,000 after purchasing an additional 379 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Harley-Davidson by 13.8% during the second quarter. Parkside Financial Bank & Trust now owns 3,279 shares of the company’s stock worth $104,000 after acquiring an additional 397 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Harley-Davidson by 0.9% during the second quarter. Treasurer of the State of North Carolina now owns 56,905 shares of the company’s stock worth $1,802,000 after acquiring an additional 488 shares during the last quarter. US Bancorp DE increased its position in shares of Harley-Davidson by 3.2% during the second quarter. US Bancorp DE now owns 18,346 shares of the company’s stock worth $581,000 after acquiring an additional 577 shares during the last quarter. Finally, Wintrust Investments LLC increased its position in shares of Harley-Davidson by 11.2% during the first quarter. Wintrust Investments LLC now owns 5,950 shares of the company’s stock worth $234,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.
Analysts Set New Price Targets
HOG has been the topic of a number of analyst reports. Citigroup lifted their target price on Harley-Davidson to $42.00 in a research report on Tuesday, November 1st. Robert W. Baird lifted their target price on Harley-Davidson from $45.00 to $48.00 in a research report on Friday, October 28th. Morgan Stanley lifted their price target on Harley-Davidson from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, November 7th. Jefferies Financial Group initiated coverage on Harley-Davidson in a research note on Tuesday, November 15th. They issued an “underperform” rating and a $39.00 price target for the company. Finally, DA Davidson lifted their price target on Harley-Davidson from $36.00 to $42.00 in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $47.00.
Harley-Davidson Stock Performance
Harley-Davidson (NYSE:HOG – Get Rating) last issued its earnings results on Wednesday, October 26th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.33. Harley-Davidson had a return on equity of 27.44% and a net margin of 13.29%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. Harley-Davidson’s quarterly revenue was up 23.8% compared to the same quarter last year. As a group, analysts anticipate that Harley-Davidson, Inc. will post 4.71 EPS for the current year.
Harley-Davidson Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.32%. Harley-Davidson’s payout ratio is currently 13.04%.
Insider Buying and Selling at Harley-Davidson
In other Harley-Davidson news, President and CEO ZEITZ JOCHEN purchased 25,750 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were bought at an average price of $38.94 per share, with a total value of $1,002,705.00. Following the completion of the acquisition, the insider now owns 508,870 shares in the company, valued at approximately $19,815,397.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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