Todays Report: Today, Arizona State Retirement System Cuts Position in Harley-Davidson Inc. (HOG)

Today, Arizona State Retirement System Cuts Position in Harley-Davidson Inc. (HOG)

Arizona State Retirement System cut its position in shares of Harley-Davidson Inc. (NYSE:HOG) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,021 shares of the company’s stock after selling 400 shares during the period. Arizona State Retirement System’s holdings in Harley-Davidson were worth $2,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 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 during the period. 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 during the period. 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 during the period. OLD National Bancorp IN raised its position in shares of Harley-Davidson by 0.8% in the third quarter. OLD National Bancorp IN now owns 7,876 shares of the company’s stock worth $414,000 after buying an additional 63 shares during the period. Finally, 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 during the period. Institutional investors and hedge funds own 95.62% of the company’s stock.

Shares of Harley-Davidson Inc. (NYSE:HOG) opened at 60.16 on Friday. The firm has a market capitalization of $10.73 billion, a PE ratio of 16.11 and a beta of 0.96. Harley-Davidson Inc. has a 52-week low of $36.36 and a 52-week high of $61.35. The stock’s 50 day moving average is $55.86 and its 200 day moving average is $50.96.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The company earned $1.27 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, equities research analysts forecast that Harley-Davidson Inc. will post $3.88 EPS for the current year.

A number of research analysts have issued reports on HOG shares. Wedbush restated a “hold” rating on shares of Harley-Davidson in a research report on Saturday, September 17th. RBC Capital Markets upgraded shares of Harley-Davidson from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $46.00 to $57.00 in a research report on Tuesday, November 15th. Royal Bank Of Canada upgraded shares of Harley-Davidson from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $46.00 to $57.00 in a research report on Tuesday, November 15th. Vetr upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating and set a $53.25 target price on the stock in a research report on Thursday, September 8th. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company. Harley-Davidson has an average rating of “Hold” and an average price target of $52.83.

In related news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 5,523 shares of the company’s stock, valued at $310,005.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Joanne M. Bischmann sold 5,037 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $60.00, for a total transaction of $302,220.00. Following the transaction, the vice president now directly owns 6,771 shares of the company’s stock, valued at approximately $406,260. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.

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.

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