State of Alaska Department of Revenue raised its stake in Harley-Davidson Inc (NYSE:HOG) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,910 shares of the company’s stock after purchasing an additional 2,882 shares during the period. State of Alaska Department of Revenue’s holdings in Harley-Davidson were worth $2,217,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in HOG. BlackRock Inc. boosted its holdings in shares of Harley-Davidson by 31.0% in the first quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock valued at $507,463,000 after acquiring an additional 3,367,376 shares during the period. LSV Asset Management boosted its holdings in shares of Harley-Davidson by 2.1% in the first 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. Beutel Goodman & Co Ltd. boosted its holdings in shares of Harley-Davidson by 2.5% in the first quarter. Beutel Goodman & Co Ltd. now owns 3,937,138 shares of the company’s stock valued at $105,060,000 after acquiring an additional 95,538 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Harley-Davidson by 44.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock valued at $84,394,000 after acquiring an additional 762,573 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Harley-Davidson by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 2,426,455 shares of the company’s stock valued at $82,664,000 after acquiring an additional 136,387 shares during the period. Institutional investors own 91.49% of the company’s stock.
In other Harley-Davidson news, insider Mark R. Kornetzke sold 3,626 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $35.79, for a total value of $129,774.54. Following the completion of the sale, the insider now owns 31,666 shares of the company’s stock, valued at $1,133,326.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John A. Olin sold 30,000 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $35.96, for a total value of $1,078,800.00. Following the completion of the sale, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at approximately $3,182,460. The disclosure for this sale can be found here. In the last three months, insiders sold 47,737 shares of company stock valued at $1,699,899. 0.86% of the stock is owned by corporate insiders.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.04. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson Inc will post 3.52 EPS for the current year.
Several research firms have recently weighed in on HOG. Wedbush set a $35.00 price objective on Harley-Davidson and gave the company a “hold” rating in a report on Friday, July 12th. Goldman Sachs Group reissued a “sell” rating and issued a $34.00 price objective (down from $37.00) on shares of Harley-Davidson in a report on Wednesday, April 24th. Northcoast Research reissued a “hold” rating on shares of Harley-Davidson in a report on Tuesday, June 4th. Morgan Stanley decreased their price objective on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.00.
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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