Commonwealth Bank of Australia grew its position in Harley-Davidson Inc (NYSE:HOG) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,287 shares of the company’s stock after purchasing an additional 7,100 shares during the period. Commonwealth Bank of Australia’s holdings in Harley-Davidson were worth $1,439,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in Harley-Davidson by 3.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 185,609 shares of the company’s stock valued at $8,408,000 after purchasing an additional 6,419 shares during the last quarter. Victory Capital Management Inc. increased its stake in Harley-Davidson by 33.4% in the third quarter. Victory Capital Management Inc. now owns 275,115 shares of the company’s stock valued at $12,463,000 after purchasing an additional 68,878 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in Harley-Davidson in the third quarter valued at approximately $321,000. Private Advisor Group LLC purchased a new position in Harley-Davidson in the third quarter valued at approximately $255,000. Finally, Wells Fargo & Company MN increased its stake in Harley-Davidson by 5.5% in the third quarter. Wells Fargo & Company MN now owns 400,010 shares of the company’s stock valued at $18,120,000 after purchasing an additional 20,809 shares during the last quarter. 88.27% of the stock is owned by institutional investors.
Shares of HOG opened at $36.44 on Friday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.09 and a current ratio of 1.25. The company has a market cap of $5.87 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14. Harley-Davidson Inc has a 12-month low of $31.36 and a 12-month high of $46.79.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, January 29th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. The firm had revenue of $955.63 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $0.05 earnings per share. The business’s quarterly revenue was up 91173.4% on a year-over-year basis. Analysts anticipate that Harley-Davidson Inc will post 3.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.12%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 13th. Harley-Davidson’s dividend payout ratio (DPR) is 39.15%.
Several brokerages have commented on HOG. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. William Blair restated a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Wells Fargo & Co lowered their target price on shares of Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 18th. Finally, Robert W. Baird lowered their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, December 13th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and a consensus target price of $44.00.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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