Sentry Investment Management LLC Has $351,000 Holdings in Harley-Davidson Inc (HOG)

Sentry Investment Management LLC trimmed its position in shares of Harley-Davidson Inc (NYSE:HOG) by 12.2% during the first quarter, Holdings Channel reports. The fund owned 9,833 shares of the company’s stock after selling 1,371 shares during the quarter. Sentry Investment Management LLC’s holdings in Harley-Davidson were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Asset Management Inc. raised its stake in Harley-Davidson by 3.7% in the 1st quarter. TD Asset Management Inc. now owns 552,433 shares of the company’s stock valued at $19,700,000 after acquiring an additional 19,725 shares during the period. JPMorgan Chase & Co. raised its stake in Harley-Davidson by 29.6% in the 1st quarter. JPMorgan Chase & Co. now owns 525,465 shares of the company’s stock valued at $18,737,000 after acquiring an additional 120,125 shares during the period. LSV Asset Management raised its stake in Harley-Davidson by 2.1% in the 1st quarter. LSV Asset Management now owns 4,080,311 shares of the company’s stock valued at $145,503,000 after acquiring an additional 85,495 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Harley-Davidson by 5.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,327 shares of the company’s stock valued at $333,000 after acquiring an additional 444 shares during the period. Finally, Hanson McClain Inc. raised its stake in Harley-Davidson by 405.7% in the 1st quarter. Hanson McClain Inc. now owns 1,876 shares of the company’s stock valued at $67,000 after acquiring an additional 1,505 shares during the period. 91.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Goldman Sachs Group restated a “sell” rating and issued a $34.00 price objective (down from $37.00) on shares of Harley-Davidson in a research note on Wednesday, April 24th. Wells Fargo & Co restated a “market perform” rating and issued a $41.00 price objective (down from $49.00) on shares of Harley-Davidson in a research note on Monday, April 8th. Finally, KeyCorp restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 22nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.08.

Shares of HOG opened at $34.50 on Monday. Harley-Davidson Inc has a twelve month low of $31.36 and a twelve month high of $46.79. The stock has a market cap of $5.49 billion, a PE ratio of 9.13, a P/E/G ratio of 1.16 and a beta of 1.15. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 2.66.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.12. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue was down 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Harley-Davidson Inc will post 3.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, May 29th. Harley-Davidson’s dividend payout ratio is presently 39.68%.

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Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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

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