Gateway Investment Advisers LLC lowered its stake in Harley-Davidson Inc (NYSE:HOG) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,002 shares of the company’s stock after selling 4,545 shares during the period. Gateway Investment Advisers LLC’s holdings in Harley-Davidson were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC purchased a new stake in Harley-Davidson in the 2nd quarter worth $25,000. Pinebridge Investments L.P. purchased a new stake in Harley-Davidson in the 2nd quarter worth $25,000. G&S Capital LLC purchased a new stake in Harley-Davidson in the 2nd quarter worth $26,000. Flagship Harbor Advisors LLC increased its stake in Harley-Davidson by 73.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after buying an additional 341 shares in the last quarter. Finally, Coastal Capital Group Inc. purchased a new stake in Harley-Davidson in the 2nd quarter worth $32,000. Institutional investors own 93.45% of the company’s stock.
HOG has been the subject of a number of research analyst reports. Wedbush cut their price objective on Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. ValuEngine lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Friday, September 27th. Stifel Nicolaus set a $39.00 price objective on Harley-Davidson and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Morgan Stanley dropped their price target on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.63.
In other news, insider Lawrence G. Hund sold 8,000 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $40.22, for a total transaction of $321,760.00. Following the completion of the sale, the insider now owns 10,593 shares of the company’s stock, valued at $426,050.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.
NYSE HOG traded up $0.14 during trading on Friday, hitting $39.39. The stock had a trading volume of 928,663 shares, compared to its average volume of 2,024,886. The stock has a 50 day simple moving average of $36.83 and a 200 day simple moving average of $35.29. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.97 and a current ratio of 1.11. Harley-Davidson Inc has a one year low of $30.17 and a one year high of $43.69. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 1.46 and a beta of 1.20.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Harley-Davidson had a net margin of 7.55% and a return on equity of 28.84%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis. On average, sell-side analysts predict that Harley-Davidson Inc will post 3.38 EPS for the current year.
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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