Federated Hermes Inc. trimmed its holdings in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 15.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,915 shares of the company’s stock after selling 4,821 shares during the period. Federated Hermes Inc.’s holdings in Harley-Davidson were worth $904,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Candlestick Capital Management LP bought a new stake in shares of Harley-Davidson during the 2nd quarter valued at about $49,865,000. Jupiter Asset Management Ltd. grew its stake in shares of Harley-Davidson by 7.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 4,855,744 shares of the company’s stock valued at $169,368,000 after purchasing an additional 320,390 shares during the period. Bridgewater Associates LP bought a new stake in shares of Harley-Davidson during the 2nd quarter valued at about $9,758,000. Boston Partners grew its stake in shares of Harley-Davidson by 2.9% during the 3rd quarter. Boston Partners now owns 10,591,592 shares of the company’s stock valued at $373,001,000 after purchasing an additional 296,422 shares during the period. Finally, ExodusPoint Capital Management LP grew its stake in shares of Harley-Davidson by 247.1% during the 3rd quarter. ExodusPoint Capital Management LP now owns 389,338 shares of the company’s stock valued at $13,580,000 after purchasing an additional 277,163 shares during the period. 83.96% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Harley-Davidson in a research note on Tuesday, November 15th. They set an “underperform” rating and a $39.00 price target for the company. StockNews.com raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley lifted their price objective on Harley-Davidson from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 1st. Citigroup set a $49.00 price objective on Harley-Davidson in a research report on Wednesday, November 23rd. Finally, DA Davidson lifted their price objective on Harley-Davidson from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $49.38.
Harley-Davidson Stock Down 2.7 %
Harley-Davidson (NYSE:HOG – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.21. The business had revenue of $918.70 million for the quarter, compared to analysts’ expectations of $910.04 million. Harley-Davidson had a return on equity of 27.23% and a net margin of 13.35%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, equities analysts expect that Harley-Davidson, Inc. will post 4.68 earnings per share for the current fiscal year.
Harley-Davidson Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.71%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 2nd. Harley-Davidson’s dividend payout ratio is 13.28%.
Insider Transactions at Harley-Davidson
In other news, SVP Jonathan R. Root sold 2,239 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $50.17, for a total transaction of $112,330.63. Following the transaction, the senior vice president now owns 5,474 shares of the company’s stock, valued at approximately $274,630.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.
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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