Manning & Napier Advisors LLC boosted its position in Harley-Davidson, Inc. (NYSE:HOG) by 77.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,221 shares of the company’s stock after buying an additional 25,443 shares during the period. Manning & Napier Advisors LLC’s holdings in Harley-Davidson were worth $3,144,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayne Hummer Investments L.L.C. purchased a new position in Harley-Davidson during the first quarter worth $200,000. Stokes & Hubbell Capital Management LLC purchased a new position in Harley-Davidson during the first quarter worth $201,000. Independent Advisor Alliance increased its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares during the period. Appleton Group LLC purchased a new position in Harley-Davidson during the first quarter worth $210,000. Finally, Putnam Investments LLC purchased a new position in Harley-Davidson during the fourth quarter worth $204,000. Hedge funds and other institutional investors own 85.14% of the company’s stock.
Harley-Davidson, Inc. (NYSE HOG) traded up 0.46% during trading on Friday, hitting $47.54. The stock had a trading volume of 1,923,559 shares. The firm has a 50 day moving average of $50.61 and a 200-day moving average of $55.49. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 13.92 and a beta of 0.84. Harley-Davidson, Inc. has a 12 month low of $46.00 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts predict that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
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A number of research firms have weighed in on HOG. UBS AG reiterated a “neutral” rating and set a $57.00 target price on shares of Harley-Davidson in a report on Tuesday, June 13th. ValuEngine downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reduced their target price on Harley-Davidson from $61.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, July 14th. Barclays PLC reissued an “equal weight” rating and issued a $52.00 price target (down from $53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Finally, BidaskClub cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $54.83.
Harley-Davidson Company Profile
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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