Dimensional Fund Advisors LP grew its stake in Harley-Davidson, Inc. (NYSE:HOG) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,215,182 shares of the company’s stock after purchasing an additional 209,445 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.71% of Harley-Davidson worth $65,645,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of HOG. BlackRock Inc. raised its stake in shares of Harley-Davidson by 2,897.2% in the 1st quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock valued at $639,479,000 after purchasing an additional 10,217,239 shares in the last quarter. Impala Asset Management LLC raised its stake in shares of Harley-Davidson by 60.2% in the 2nd quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock valued at $112,223,000 after purchasing an additional 780,371 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Harley-Davidson by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock valued at $1,053,712,000 after purchasing an additional 534,966 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Harley-Davidson by 68.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 1,171,502 shares of the company’s stock valued at $63,177,000 after purchasing an additional 475,539 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Harley-Davidson by 415.8% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 490,000 shares of the company’s stock valued at $26,469,000 after purchasing an additional 395,000 shares in the last quarter. Institutional investors and hedge funds own 91.04% of the company’s stock.
HOG has been the topic of a number of recent analyst reports. UBS AG restated a “hold” rating and issued a $47.00 target price on shares of Harley-Davidson in a research note on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $51.00 target price (down previously from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. Aegis initiated coverage on shares of Harley-Davidson in a research note on Monday, August 28th. They issued a “hold” rating and a $49.00 target price on the stock. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research note on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $52.38.
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Shares of Harley-Davidson, Inc. (NYSE:HOG) opened at 46.46 on Friday. Harley-Davidson, Inc. has a 1-year low of $45.53 and a 1-year high of $63.40. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 13.60 and a beta of 0.87. The company’s 50-day moving average is $47.66 and its 200 day moving average is $52.14.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm posted $1.55 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts expect that Harley-Davidson, Inc. will post $3.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Monday, September 11th. Harley-Davidson’s dividend payout ratio is currently 42.44%.
In related news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction dated Wednesday, August 30th. The shares were 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 approximately $1,116,892.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.
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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