Ferguson Wellman Capital Management Inc. grew its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,314 shares of the company’s stock after purchasing an additional 875 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Harley-Davidson were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. TD Capital Management LLC bought a new position in shares of Harley-Davidson during the 3rd quarter valued at about $26,000. Lazard Asset Management LLC bought a new position in shares of Harley-Davidson during the 1st quarter valued at about $31,000. Ellevest Inc. boosted its position in shares of Harley-Davidson by 327.2% during the 3rd quarter. Ellevest Inc. now owns 1,115 shares of the company’s stock valued at $39,000 after purchasing an additional 854 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Harley-Davidson by 1,144.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock valued at $54,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Harley-Davidson by 74.7% during the 1st quarter. Covestor Ltd now owns 1,660 shares of the company’s stock valued at $65,000 after purchasing an additional 710 shares in the last quarter. Institutional investors own 83.96% of the company’s stock.
Analyst Upgrades and Downgrades
HOG has been the subject of several recent analyst reports. Citigroup set a $49.00 target price on shares of Harley-Davidson in a report on Wednesday, November 23rd. DA Davidson raised their target price on shares of Harley-Davidson from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. Jefferies Financial Group upgraded shares of Harley-Davidson from an “underperform” rating to a “hold” rating and set a $39.00 target price for the company in a report on Wednesday, March 15th. StockNews.com cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley upgraded shares of Harley-Davidson from an “equal weight” rating to an “overweight” rating and set a $50.00 target price for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.38.
Harley-Davidson Price Performance
Harley-Davidson (NYSE:HOG – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.21. The business had revenue of $918.70 million during the quarter, compared to analyst estimates of $910.04 million. Harley-Davidson had a net margin of 13.35% and a return on equity of 27.23%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post 4.73 earnings per share for the current fiscal year.
Harley-Davidson Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Friday, March 3rd were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, March 2nd. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.16. Harley-Davidson’s dividend payout ratio (DPR) is presently 13.28%.
Insider Activity at Harley-Davidson
In related news, SVP Jonathan R. Root sold 2,239 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $50.17, for a total transaction of $112,330.63. Following the transaction, the senior vice president now owns 5,474 shares of the company’s stock, valued at $274,630.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.
Harley-Davidson Profile
Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.
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