Motorcycle Stocks In News; US Highland (OTC.BB: UHLN.PK), Harley-Davidson (NYSE: HOG), Polaris (NYSE:PII), Hero Motocorp ( BOM:500182)
October 21, 2011- Investorideas.com, a leader in sector research for independent investors issues a company close-up motorcycle industry stocks in the news this week, for investors following the sector. Record earnings and strong growth has the leaders up in today’s trading.
US Highland, Inc. (OTC.BB: UHLN.PK) a small US-based designer and manufacturer of high performance, premium quality powertrains issued news this week of the appointment of a new CEO, with previous senior leadership experience in Hewlett-Packard, Harley-Davidson (NYSE:HOG) and Indian Motorcycle Company. Mr. John Fitzpatrick, Chief Executive Officer and President of US Highland, Inc. will lead the company in its reorganization and expansion. The stock has had a big move this week and is currently trading at $0.40, with a high of $0.43 in morning trading.
Harley-Davidson, Inc. (NYSE:HOG) released earnings earlier this week reporting continued strong improvement in earnings and dealer retail sales in the third quarter of 2011 and through nine months, compared to 2010.The stock is trading up at $37.31, up 2.05 (5.81%) 11:18AM EDT
India’s Hero Motocorp Ltd ( BOM:500182) made gains this week, moving five percent following news better-than-expected quarterly earnings. The Company reported its highest ever quarterly sales of15.4 LAKH.
Polaris Industries Inc. (NYSE:PII ) reported record third quarter net income of $67.6 million, or $0.95 per diluted share, for the quarter ended September 30, 2011, up 43 percent and 38 percent, respectively, from the prior year’s third quarter net income of $47.2 million, or $0.69 per diluted share. Sales for the third quarter 2011 totaled a record $729.9 million, an increase of 26 percent from last year’s third quarter sales of $580.1 million. The Company also reported its cash dividend this week to shareholders. The stock is trading at $56.93, up 1.01 (1.81%) 11:27AM EDT
Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® for recreational and utility use, snowmobiles, motorcycles and on-road electric powered vehicles.
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