Investment Counselors of Maryland LLC increased its position in Harley-Davidson Inc. (NYSE:HOG) by 9.9% during the third quarter, Holdings Channel reports. The firm owned 3,485 shares of the company’s stock after buying an additional 315 shares during the period. Investment Counselors of Maryland LLC’s holdings in Harley-Davidson were worth $183,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HOG. Massachusetts Financial Services Co. MA boosted its stake in shares of Harley-Davidson by 46.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,702,359 shares of the company’s stock worth $530,116,000 after buying an additional 3,703,199 shares during the period. Dodge & Cox boosted its stake in shares of Harley-Davidson by 1.1% in the second quarter. Dodge & Cox now owns 9,425,983 shares of the company’s stock worth $426,997,000 after buying an additional 98,250 shares during the period. Independent Franchise Partners LLP boosted its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $459,909,000 after buying an additional 127,052 shares during the period. State Street Corp boosted its stake in shares of Harley-Davidson by 2.9% in the second quarter. State Street Corp now owns 8,274,099 shares of the company’s stock worth $374,834,000 after buying an additional 236,451 shares during the period. Finally, Harris Associates L P boosted its stake in shares of Harley-Davidson by 163.3% in the second quarter. Harris Associates L P now owns 7,918,594 shares of the company’s stock worth $358,713,000 after buying an additional 4,911,620 shares during the period. Hedge funds and other institutional investors own 95.62% of the company’s stock.
Shares of Harley-Davidson Inc. (NYSE:HOG) traded up 0.35% on Friday, hitting $60.16. The stock had a trading volume of 1,073,126 shares. The stock has a 50 day moving average price of $55.45 and a 200-day moving average price of $50.85. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 16.11 and a beta of 0.96. Harley-Davidson Inc. has a 12-month low of $36.36 and a 12-month high of $61.35.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. The firm earned $1.27 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a return on equity of 35.49% and a net margin of 12.86%. Harley-Davidson’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. On average, equities analysts expect that Harley-Davidson Inc. will post $3.88 earnings per share for the current year.
HOG has been the subject of a number of analyst reports. Wells Fargo & Co. cut Harley-Davidson from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Vetr cut Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price objective for the company. in a research note on Monday, August 8th. RBC Capital Markets set a $46.00 price objective on Harley-Davidson and gave the stock a “sell” rating in a research note on Wednesday, October 19th. Longbow Research cut Harley-Davidson from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $52.57 to $40.00 in a research note on Monday, August 29th. Finally, UBS AG restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, October 14th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $52.83.
In related news, VP Joanne M. Bischmann sold 5,037 shares of Harley-Davidson stock in a transaction on Monday, November 14th. The stock was sold at an average price of $60.00, for a total value of $302,220.00. Following the completion of the transaction, the vice president now directly owns 6,771 shares in the company, valued at $406,260. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lawrence G. Hund sold 28,271 shares of Harley-Davidson stock in a transaction on Monday, November 14th. The shares were sold at an average price of $60.00, for a total value of $1,696,260.00. Following the completion of the transaction, the insider now owns 25,438 shares of the company’s stock, valued at $1,526,280. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.