1 week Ago By Defense World Staff
Norges Bank bought a new stake in Harley-Davidson, Inc. ( NYSE:HOG – Free Report ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 365,419 shares of the company’s stock, valued at approximately $11,010,000.
Norges Bank owned approximately 0.29% of Harley-Davidson at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Pacer Advisors Inc. grew its position in shares of Harley-Davidson by 30.7% in the fourth quarter.
Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after purchasing an additional 1,285,225 shares during the period. Raymond James Financial Inc.
acquired a new stake in Harley-Davidson in the 4th quarter worth about $18,802,000. American Century Companies Inc. boosted its stake in Harley-Davidson by 14.
2% in the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock worth $105,352,000 after buying an additional 435,200 shares during the last quarter.
Barclays PLC grew its holdings in Harley-Davidson by 135.7% in the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after buying an additional 162,899 shares during the period.
Finally, Bank of New York Mellon Corp increased its stake in shares of Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after acquiring an additional 157,939 shares during the last quarter.
85.10% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of research firms recently issued reports on HOG.
Bank of America lowered their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th.
Robert W. Baird dropped their price objective on Harley-Davidson from $32.00 to $26.
00 and set a “neutral” rating for the company in a report on Friday, April 4th. DA Davidson cut their target price on Harley-Davidson from $39.00 to $31.
00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on Harley-Davidson from $33.00 to $31.
00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup cut their price objective on Harley-Davidson from $29.00 to $28.
00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.
com, the stock currently has an average rating of “Hold” and an average target price of $32.00. Insider Buying and Selling In other news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction dated Thursday, February 13th.
The stock was sold at an average price of $25.96, for a total transaction of $88,264.00.
Following the completion of the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.
61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . 0.
87% of the stock is currently owned by insiders. Harley-Davidson Trading Down 8.5 % Shares of HOG opened at $20.
84 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.
40 and a quick ratio of 1.19. Harley-Davidson, Inc.
has a 12 month low of $20.45 and a 12 month high of $43.18.
The stock has a market cap of $2.60 billion, a PE ratio of 6.26, a P/E/G ratio of 0.
38 and a beta of 1.28. The stock’s 50-day moving average is $25.
48 and its two-hundred day moving average is $30.05. Harley-Davidson ( NYSE:HOG – Get Free Report ) last released its quarterly earnings results on Wednesday, February 5th.
The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.
28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.
25%. During the same period in the previous year, the firm posted $0.18 earnings per share.
Equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.
Harley-Davidson Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.18 per share.
This represents a $0.72 dividend on an annualized basis and a yield of 3.46%.
This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th.
Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%. Harley-Davidson Profile ( Free Report ) Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally.
The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services. See Also Five stocks we like better than Harley-Davidson How to buy stock: A step-by-step guide for beginners Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential Using the MarketBeat Dividend Yield Calculator Qualcomm Breaks Down But RSI Signals It’s Severely Oversold 3 Must-Buy Warren Buffett Stocks for Volatile Times Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.
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