Huntington National Bank cut its position in shares of Harley-Davidson Inc (NYSE:HOG) by 12.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,475 shares of the company’s stock after selling 500 shares during the period. Huntington National Bank’s holdings in Harley-Davidson were worth $124,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in shares of Harley-Davidson by 31.4% in the third quarter. Franklin Resources Inc. now owns 7,115 shares of the company’s stock valued at $323,000 after buying an additional 1,700 shares during the last quarter. Ford Financial Group Inc. acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at about $272,000. Macquarie Group Ltd. raised its position in shares of Harley-Davidson by 10.9% in the third quarter. Macquarie Group Ltd. now owns 58,662 shares of the company’s stock valued at $2,658,000 after buying an additional 5,758 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at about $442,000. Finally, Diligent Investors LLC raised its position in shares of Harley-Davidson by 24.5% in the fourth quarter. Diligent Investors LLC now owns 7,109 shares of the company’s stock valued at $243,000 after buying an additional 1,400 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HOG stock opened at $40.07 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 2.76. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.40 and a beta of 1.14. Harley-Davidson Inc has a 1-year low of $31.36 and a 1-year high of $46.79.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, January 29th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.16). Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. The business had revenue of $955.63 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 91173.4% compared to the same quarter last year. Equities research analysts anticipate that Harley-Davidson Inc will post 3.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were paid a $0.375 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, March 13th. This represents a $1.50 annualized dividend and a dividend yield of 3.74%. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.
A number of equities research analysts have recently commented on HOG shares. Zacks Investment Research cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. William Blair reiterated a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a research report on Thursday, April 4th. KeyCorp reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, February 22nd. Finally, ValuEngine lowered shares of Harley-Davidson from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and a consensus target price of $43.46.
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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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