Crossmark Global Holdings Inc. acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,918 shares of the company’s stock, valued at approximately $960,000.
Several other hedge funds also recently modified their holdings of HOG. Geneva Advisors LLC raised its stake in shares of Harley-Davidson by 5.4% in the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after acquiring an additional 200 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Harley-Davidson by 20.7% in the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after acquiring an additional 700 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of Harley-Davidson by 2.5% in the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after acquiring an additional 102 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Harley-Davidson by 1.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after acquiring an additional 72 shares in the last quarter. Finally, Vontobel Swiss Wealth Advisors AG bought a new position in shares of Harley-Davidson in the 2nd quarter valued at approximately $239,000. 92.05% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson, Inc. (HOG) opened at $47.30 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. The company has a market capitalization of $7,960.35, a P/E ratio of 14.78, a P/E/G ratio of 1.62 and a beta of 0.94. Harley-Davidson, Inc. has a 52-week low of $44.52 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same quarter last year, the company earned $0.64 EPS. Harley-Davidson’s revenue was down 11.9% on a year-over-year basis. analysts forecast that Harley-Davidson, Inc. will post 3.43 earnings per share for the current fiscal year.
In other Harley-Davidson news, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the transaction, the chief executive officer now owns 88,646 shares in the company, valued at approximately $4,286,920.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,739 shares of company stock valued at $3,524,954. Corporate insiders own 0.70% of the company’s stock.
A number of research firms have issued reports on HOG. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, October 20th. TheStreet lowered Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Stifel Nicolaus raised their target price on Harley-Davidson from $48.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $52.50.
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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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