US Bancorp DE reduced its position in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 7.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,910 shares of the company’s stock after selling 1,436 shares during the period. US Bancorp DE’s holdings in Harley-Davidson were worth $590,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Walker Asset Management LLC acquired a new stake in Harley-Davidson during the second quarter worth approximately $551,000. Commerce Bank increased its holdings in shares of Harley-Davidson by 3.8% during the second quarter. Commerce Bank now owns 12,300 shares of the company’s stock worth $389,000 after purchasing an additional 455 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in shares of Harley-Davidson by 0.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 228,134 shares of the company’s stock worth $7,957,000 after purchasing an additional 867 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Harley-Davidson by 9.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,776 shares of the company’s stock worth $436,000 after purchasing an additional 1,219 shares during the period. Finally, Annex Advisory Services LLC bought a new position in shares of Harley-Davidson during the third quarter worth approximately $206,000. 83.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. StockNews.com cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday. Citigroup set a $49.00 price objective on shares of Harley-Davidson in a research note on Wednesday, November 23rd. Robert W. Baird lifted their price objective on shares of Harley-Davidson from $45.00 to $48.00 in a research note on Friday, October 28th. Jefferies Financial Group started coverage on shares of Harley-Davidson in a research note on Tuesday, November 15th. They issued an “underperform” rating and a $39.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of Harley-Davidson from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $48.13.
Harley-Davidson Stock Performance
Harley-Davidson (NYSE:HOG – Get Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.33. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. Harley-Davidson had a net margin of 13.29% and a return on equity of 27.44%. Harley-Davidson’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. On average, equities analysts expect that Harley-Davidson, Inc. will post 4.72 EPS for the current fiscal year.
Harley-Davidson Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.46%. Harley-Davidson’s dividend payout ratio (DPR) is presently 13.04%.
Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.
- Get a free copy of the StockNews.com research report on Harley-Davidson (HOG)
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