Harman International Industries /DE/ (HAR) : Franklin Street Advisors Inc Nc scooped up 42,625 additional shares in Harman International Industries /DE/ during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 151,063 shares of Harman International Industries /DE/ which is valued at $12,814,674.Harman International Industries /DE/ makes up approximately 2.50% of Franklin Street Advisors Inc Nc’s portfolio.
Harman International Industries /DE/ closed down -0.1 points or -0.12% at $84.83 with 7,91,647 shares getting traded on Friday. Post opening the session at $84.71, the shares hit an intraday low of $84.1 and an intraday high of $85.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , E&g Advisors Lp boosted its stake in HAR in the latest quarter, The investment management firm added 981 additional shares and now holds a total of 12,982 shares of Harman International Industries /DE/ which is valued at $1,101,263. Harman International Industries /DE/ makes up approx 0.71% of E&g Advisors Lp’s portfolio.Capstone Asset Management Co reduced its stake in HAR by selling 480 shares or 9.4% in the most recent quarter. The Hedge Fund company now holds 4,628 shares of HAR which is valued at $392,593. Harman International Industries /DE/ makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in HAR in the latest quarter, The investment management firm added 1,967 additional shares and now holds a total of 16,490 shares of Harman International Industries /DE/ which is valued at $1,398,847. Harman International Industries /DE/ makes up approx 0.03% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Eqis Capital Management reduced its stake in HAR by selling 1,090 shares or 27.12% in the most recent quarter. The Hedge Fund company now holds 2,929 shares of HAR which is valued at $237,835. Harman International Industries /DE/ makes up approx 0.02% of Eqis Capital Management’s portfolio.
On the company’s financial health, Harman International Industries /DE/ reported $1.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.72. The company had revenue of $1772.00 million for the quarter, compared to analysts expectations of $1792.62 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 EPS.
Many Wall Street Analysts have commented on Harman International Industries /DE/. Goldman Initiated Harman International Industries /DE/ on Mar 31, 2016 to “Buy”, Price Target of the shares are set at $110.Shares were Reiterated by FBR Capital on Jan 29, 2016 to “Mkt Perform” and Lowered the Price Target to $ 85 from a previous price target of $125 .Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 90 from a previous price target of $93 .
Harman International Industries Incorporated is engaged in the designing and engineering of connected products and solutions for automakers consumers and enterprises including audio systems visual products enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications as well as a range of loudspeaker and electronics for home multimedia and mobile applications. The Professional segment provides audio lighting video and control and automation solutions for commercial enterprise and public space applications. The Services segment creates software solutions that integrate design mobility cloud and analytics. Its brands include AKG AMX Crown Harman/Kardon Infinity JBL JBL Professional Lexicon Mark Levinson Martin Revel Soundcraft and Studer.