Harley-Davidson Inc (HOG) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 9.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,502 shares of the company’s stock after buying an additional 1,661 shares during the period. Advisors Asset Management Inc.’s holdings in Harley-Davidson were worth $779,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Whittier Trust Co. acquired a new position in shares of Harley-Davidson during the 2nd quarter worth $112,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Harley-Davidson during the 2nd quarter worth $183,000. Cribstone Capital Management LLC raised its holdings in shares of Harley-Davidson by 75.0% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock worth $118,000 after buying an additional 1,200 shares in the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Harley-Davidson during the 2nd quarter worth $132,000. Finally, New England Investment & Retirement Group Inc. acquired a new position in shares of Harley-Davidson during the 2nd quarter worth $261,000. 85.94% of the stock is owned by institutional investors.

In other Harley-Davidson news, CFO John A. Olin sold 12,587 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total value of $547,282.76. Following the sale, the chief financial officer now owns 55,016 shares in the company, valued at approximately $2,392,095.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lawrence G. Hund sold 37,040 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the completion of the sale, the insider now owns 29,715 shares in the company, valued at approximately $1,287,550.95. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

A number of equities analysts have recently commented on the company. Goldman Sachs Group set a $45.00 price target on Harley-Davidson and gave the stock a “hold” rating in a report on Tuesday, October 16th. Wells Fargo & Co lowered their target price on Harley-Davidson from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Citigroup upped their target price on Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 11th. Finally, Wolfe Research initiated coverage on Harley-Davidson in a report on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $44.38.

Shares of HOG opened at $39.80 on Monday. Harley-Davidson Inc has a 12-month low of $35.76 and a 12-month high of $56.50. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.28 and a beta of 1.08.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. Harley-Davidson had a return on equity of 33.57% and a net margin of 10.66%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue was up 16.8% on a year-over-year basis. As a group, research analysts forecast that Harley-Davidson Inc will post 3.88 earnings per share for the current fiscal year.

Harley-Davidson Profile

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.

Featured Article: How to Invest in an Index Fund

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply