Valeo Financial Advisors LLC Lowers Stake in Harley-Davidson Inc (NYSE:HOG)

Valeo Financial Advisors LLC lessened its position in shares of Harley-Davidson Inc (NYSE:HOG) by 29.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 731 shares of the company’s stock after selling 300 shares during the period. Valeo Financial Advisors LLC’s holdings in Harley-Davidson were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP lifted its stake in shares of Harley-Davidson by 27.6% during the first quarter. First Trust Advisors LP now owns 273,189 shares of the company’s stock worth $9,742,000 after purchasing an additional 59,091 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Harley-Davidson by 24.5% during the first quarter. Advisory Services Network LLC now owns 2,086 shares of the company’s stock worth $74,000 after purchasing an additional 410 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Harley-Davidson by 8.1% during the first quarter. Nordea Investment Management AB now owns 11,448 shares of the company’s stock worth $408,000 after purchasing an additional 859 shares in the last quarter. Trilogy Capital Inc. lifted its stake in shares of Harley-Davidson by 7.1% during the second quarter. Trilogy Capital Inc. now owns 16,311 shares of the company’s stock worth $581,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in shares of Harley-Davidson by 17.4% during the second quarter. Xact Kapitalforvaltning AB now owns 35,587 shares of the company’s stock worth $1,275,000 after purchasing an additional 5,275 shares in the last quarter. 93.55% of the stock is owned by hedge funds and other institutional investors.

In other Harley-Davidson news, VP Paul J. Jones sold 11,884 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total transaction of $417,722.60. Following the sale, the vice president now owns 9,575 shares in the company, valued at $336,561.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark R. Kornetzke sold 3,626 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $35.79, for a total value of $129,774.54. Following the sale, the insider now owns 31,666 shares in the company, valued at approximately $1,133,326.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,510 shares of company stock worth $1,626,297. Insiders own 0.86% of the company’s stock.

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A number of brokerages have commented on HOG. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Wedbush reduced their price objective on Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Morgan Stanley reduced their price objective on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. ValuEngine upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Longbow Research restated a “hold” rating on shares of Harley-Davidson in a research note on Monday, September 23rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and a consensus price target of $39.80.

Shares of NYSE:HOG traded down $0.13 during trading on Friday, hitting $36.57. The company’s stock had a trading volume of 1,909,043 shares, compared to its average volume of 1,876,205. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.03 and a current ratio of 1.15. Harley-Davidson Inc has a fifty-two week low of $30.17 and a fifty-two week high of $43.69. The stock’s 50-day moving average price is $34.57 and its two-hundred day moving average price is $35.35. The company has a market capitalization of $5.75 billion, a PE ratio of 9.67, a PEG ratio of 1.32 and a beta of 1.21.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.46 EPS 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 business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson Inc will post 3.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 17th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is 39.68%.

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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