Northern Trust Corp raised its position in Harley-Davidson Inc (NYSE:HOG) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,876,470 shares of the company’s stock after purchasing an additional 25,738 shares during the quarter. Northern Trust Corp owned 1.15% of Harley-Davidson worth $64,025,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. TD Capital Management LLC purchased a new stake in Harley-Davidson in the 4th quarter worth about $25,000. Signet Investment Advisory Group Inc. purchased a new stake in Harley-Davidson in the 4th quarter worth about $29,000. Doyle Wealth Management purchased a new stake in Harley-Davidson in the 4th quarter worth about $34,000. Bruderman Asset Management LLC purchased a new stake in Harley-Davidson in the 4th quarter worth about $37,000. Finally, First Mercantile Trust Co. raised its position in Harley-Davidson by 58.7% in the 4th quarter. First Mercantile Trust Co. now owns 1,650 shares of the company’s stock worth $57,000 after purchasing an additional 610 shares during the period. 88.27% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on HOG shares. William Blair reissued a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Robert W. Baird reduced their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, December 13th. KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 22nd. ValuEngine lowered shares of Harley-Davidson from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 29th. Finally, Wells Fargo & Co reduced their target price on shares of Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $44.00.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, January 29th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.16). The company had revenue of $955.63 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Harley-Davidson had a return on equity of 30.76% and a net margin of 9.30%. The business’s revenue was up 91173.4% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. Sell-side analysts anticipate that Harley-Davidson Inc will post 3.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.10%. Harley-Davidson’s dividend payout ratio (DPR) is 39.68%.
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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.
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