Today, Public Employees Retirement Association of Colorado Cuts Stake in Harley-Davidson Inc. (HOG)

Today, Public Employees Retirement Association of Colorado Cuts Stake in Harley-Davidson Inc. (HOG)
Public Employees Retirement Association of Colorado decreased its position in Harley-Davidson Inc. (NYSE:HOG) by 4.1% during the third quarter, Holdings Channel reports. The institutional investor owned 38,010 shares of the company’s stock after selling 1,625 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Harley-Davidson were worth $1,999,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HOG. Concert Wealth Management Inc. raised its position in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $261,000 after buying an additional 28 shares in the last quarter. Boston Private Wealth LLC raised its position in shares of Harley-Davidson by 0.5% in the second quarter. Boston Private Wealth LLC now owns 6,360 shares of the company’s stock worth $288,000 after buying an additional 30 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Harley-Davidson by 0.6% in the third quarter. Fulton Bank N.A. now owns 9,301 shares of the company’s stock worth $489,000 after buying an additional 52 shares in the last quarter. Somerset Trust Co raised its position in shares of Harley-Davidson by 0.5% in the second quarter. Somerset Trust Co now owns 18,984 shares of the company’s stock worth $860,000 after buying an additional 103 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Harley-Davidson by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,454 shares of the company’s stock worth $429,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Shares of Harley-Davidson Inc. (NYSE:HOG) opened at 60.16 on Friday. Harley-Davidson Inc. has a 12-month low of $36.36 and a 12-month high of $61.35. The stock has a 50 day moving average of $55.86 and a 200-day moving average of $50.96. The company has a market capitalization of $10.73 billion, a PE ratio of 16.11 and a beta of 0.96.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 12.86% and a return on equity of 35.49%. Harley-Davidson’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Analysts predict that Harley-Davidson Inc. will post $3.88 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on HOG shares. Wells Fargo & Co. downgraded shares of Harley-Davidson from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Vetr downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price target on the stock. in a research note on Monday, August 8th. RBC Capital Markets set a $46.00 price target on shares of Harley-Davidson and gave the company a “sell” rating in a research note on Wednesday, October 19th. Longbow Research downgraded shares of Harley-Davidson from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $52.57 to $40.00 in a research note on Monday, August 29th. Finally, UBS AG reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, October 14th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $52.83.

In related news, VP Joanne M. Bischmann sold 5,037 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total value of $302,220.00. Following the sale, the vice president now directly owns 6,771 shares in the company, valued at approximately $406,260. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $56.13, for a total transaction of $5,613,000.00. Following the completion of the sale, the director now owns 5,523 shares in the company, valued at $310,005.99. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by corporate insiders.

About Harley-Davidson

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.

Related posts

Leave a Comment