In today’s session Harman International Industries Inc (HAR) registered an unusually high (574) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious HAR increase. With 574 contracts traded and 2074 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: HAR161118C00090000 closed last at: $2.2 or 0% . About 30,587 shares traded hands. Harman International Industries Inc (NYSE:HAR) has risen 5.53% since March 9, 2016 and is uptrending. It has underperformed by 1.88% the S&P500.
Analysts await Harman International Industries Inc (NYSE:HAR) to report earnings on November, 3. They expect $1.54 EPS, up 4.05% or $0.06 from last year’s $1.48 per share. HAR’s profit will be $104.18M for 13.29 P/E if the $1.54 EPS becomes a reality. After $1.57 actual EPS reported by Harman International Industries Inc for the previous quarter, Wall Street now forecasts -1.91% negative EPS growth.
Harman International Industries Inc (NYSE:HAR) Ratings Coverage
Out of 15 analysts covering Harman (NYSE:HAR), 8 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 53% are positive. $150 is the highest target while $84 is the lowest. The $106.23 average target is 29.72% above today’s ($81.89) stock price. Harman has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of HAR in a report on Friday, August 5 with “Buy” rating. As per Friday, August 5, the company rating was downgraded by Robert W. Baird. Piper Jaffray initiated Harman International Industries Inc (NYSE:HAR) rating on Friday, June 10. Piper Jaffray has “Neutral” rating and $84 price target. As per Wednesday, October 7, the company rating was initiated by Jefferies. Goldman Sachs initiated the stock with “Buy” rating in Thursday, March 31 report. Evercore upgraded the shares of HAR in a report on Monday, March 14 to “Buy” rating. On Wednesday, June 29 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The stock of Harman International Industries Inc (NYSE:HAR) has “Sector Weight” rating given on Friday, July 22 by Pacific Crest. The rating was maintained by FBR Capital on Friday, August 5 with “Mkt Perform”. The rating was initiated by Susquehanna on Tuesday, December 22 with “Neutral”.
According to Zacks Investment Research, “Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems. It offers infotainment systems for vehicle applications; automotive audio systems for vehicle applications; mid-to high-end loudspeaker and electronics for home, multimedia, and mobile applications; home audio and theater systems, and distributed systems for home applications, transducers and built-in speakers for notebook computers; audio systems for personal computers; and aftermarket mobile products. Harman International Industries, Incorporated is headquartered in Stamford, Connecticut.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.25, from 1.36 in 2016Q1. The ratio turned negative, as 60 funds sold all Harman International Industries Inc shares owned while 126 reduced positions. 69 funds bought stakes while 138 increased positions. They now own 65.11 million shares or 5.26% less from 68.73 million shares in 2016Q1.
South Dakota Inv Council holds 0.02% or 10,600 shares in its portfolio. Rs Investment Management Communication Ltd Liability Corporation holds 0.13% of its portfolio in Harman International Industries Inc (NYSE:HAR) for 174,474 shares. Delta Lloyd Nv has 0.01% invested in the company for 4,728 shares. Blackrock Japan Ltd holds 0.02% of its portfolio in Harman International Industries Inc (NYSE:HAR) for 94,877 shares. Seabridge Inv Advsr Limited Company, a New Jersey-based fund reported 30,814 shares. Sii Invs Wi last reported 2,968 shares in the company. Terril Brothers holds 1.68% or 53,000 shares in its portfolio. Norinchukin Commercial Bank The has 3,700 shares for 0.01% of their US portfolio. Oakbrook Invs Ltd Liability Corporation has invested 0.04% of its portfolio in Harman International Industries Inc (NYSE:HAR). The Georgia-based Suntrust Banks has invested 0% in Harman International Industries Inc (NYSE:HAR). Apg Asset Mngmt Nv reported 124,578 shares or 0.02% of all its holdings. Cim Inv Mangement Inc accumulated 0.33% or 11,000 shares. Oregon Pub Employees Retirement Fund, a Oregon-based fund reported 11,715 shares. Visium Asset Management Lp holds 33,348 shares or 0.17% of its portfolio. Fred Alger has 0% invested in the company for 8,355 shares.
Insider Transactions: Since May 6, 2016, the stock had 0 buys, and 4 sales for $1.67 million net activity. $911,272 worth of Harman International Industries Inc (NYSE:HAR) was sold by Mauser Michael. Santana Ralph sold 3,650 shares worth $263,421. Another trade for 5,006 shares valued at $425,673 was made by Parker Herbert K on Thursday, August 11.
Harman International Industries, Incorporated is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The company has a market cap of $5.54 billion. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. It has a 16.45 P/E ratio. The Connected Car segment designs, makes and markets connected car systems for vehicle applications.
HAR Company Profile
Harman International Industries, Incorporated, incorporated on January 31, 1980, is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. The Company’s brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer. The Company’s software solutions power mobile devices and systems that are designed to be connected, integrated, personalized and adaptive across all platforms, from work and home, to car and mobile.
More notable recent Harman International Industries Inc (NYSE:HAR) news were published by: Fool.com which released: “Why Harman International Industries Inc. Stock Tumbled Today” on April 28, 2016, also Fool.com with their article: “Why Harman International Industries Inc. Shares Plunged” published on January 28, 2016, Bloomberg.com published: “Former Harman International VP Charged With Insider Trading” on February 06, 2016. More interesting news about Harman International Industries Inc (NYSE:HAR) were released by: Reuters.com and their article: “Harman revenue beats on strong demand from automakers” published on August 04, 2016 as well as Twst.com‘s news article titled: “Harman International Industries Inc.: HARMAN To Announce Fiscal 2017 First …” with publication date: October 10, 2016.
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