Nomura Asset Management Co. Ltd. Buys 2,659 Shares of Harley-Davidson Inc (HOG)

Nomura Asset Management Co. Ltd. boosted its stake in Harley-Davidson Inc (NYSE:HOG) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,591 shares of the company’s stock after purchasing an additional 2,659 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Harley-Davidson were worth $1,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Harley-Davidson by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after purchasing an additional 267,352 shares in the last quarter. Capital Research Global Investors increased its holdings in Harley-Davidson by 605.1% in the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after purchasing an additional 14,359,571 shares in the last quarter. BlackRock Inc. increased its holdings in Harley-Davidson by 1.5% in the 2nd quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after purchasing an additional 154,675 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in Harley-Davidson by 53.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after purchasing an additional 2,815,749 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Harley-Davidson by 1.0% in the 2nd quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after purchasing an additional 39,699 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

Harley-Davidson Inc (NYSE:HOG) opened at $50.46 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. Harley-Davidson Inc has a 12-month low of $44.52 and a 12-month high of $63.40. The company has a market cap of $8,418.13, a PE ratio of 15.63, a PEG ratio of 1.72 and a beta of 0.96.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. During the same quarter last year, the company posted $0.64 earnings per share. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. research analysts forecast that Harley-Davidson Inc will post 3.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a dividend yield of 2.89%. Harley-Davidson’s payout ratio is 45.63%.

In other news, CFO John A. Olin sold 28,760 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the transaction, the chief financial officer now owns 65,722 shares of the company’s stock, valued at $3,156,627.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Levatich sold 19,447 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the transaction, the chief executive officer now directly owns 88,646 shares in the company, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. Insiders have sold 58,726 shares of company stock worth $2,816,641 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

HOG has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective (down from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Wedbush reissued a “neutral” rating and issued a $45.00 price objective on shares of Harley-Davidson in a research report on Monday, October 2nd. TheStreet cut shares of Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Tuesday, October 17th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $56.00 price objective on shares of Harley-Davidson in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.75.

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About Harley-Davidson

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.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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