abrdn plc Has $1.49 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

abrdn plc lowered its holdings in Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 49.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,177 shares of the company’s stock after selling 36,738 shares during the quarter. abrdn plc’s holdings in Harley-Davidson were worth $1,486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Harley-Davidson by 221.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,138,396 shares of the company’s stock worth $42,905,000 after acquiring an additional 784,439 shares during the period. Eaton Vance Management lifted its position in shares of Harley-Davidson by 158.3% in the 4th quarter. Eaton Vance Management now owns 1,266,487 shares of the company’s stock worth $47,625,000 after acquiring an additional 776,225 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Harley-Davidson by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,003,170 shares of the company’s stock worth $113,188,000 after acquiring an additional 302,438 shares during the period. Pacer Advisors Inc. lifted its position in shares of Harley-Davidson by 157.7% in the 1st quarter. Pacer Advisors Inc. now owns 429,588 shares of the company’s stock worth $16,926,000 after acquiring an additional 262,892 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Harley-Davidson by 61.0% in the 4th quarter. First Trust Advisors LP now owns 612,526 shares of the company’s stock worth $23,086,000 after acquiring an additional 232,123 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Harley-Davidson Trading Down 0.3 %

Shares of HOG opened at $37.71 on Tuesday. The stock has a fifty day moving average price of $33.28 and a two-hundred day moving average price of $36.45. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.25 and a current ratio of 1.44. Harley-Davidson, Inc. has a 52-week low of $29.80 and a 52-week high of $44.46. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 1.05 and a beta of 1.34.

Harley-Davidson (NYSE:HOGGet Rating) last released its earnings results on Thursday, July 28th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.25 by $0.21. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Harley-Davidson had a return on equity of 25.73% and a net margin of 12.11%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. Analysts predict that Harley-Davidson, Inc. will post 4.16 EPS for the current fiscal year.

Harley-Davidson Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Thursday, June 2nd were paid a $0.157 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.37%.

Analyst Ratings Changes

A number of analysts have commented on HOG shares. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a research report on Tuesday, May 17th. Bank of America cut their target price on Harley-Davidson from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Morgan Stanley cut their target price on Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. TheStreet upgraded Harley-Davidson from a “c+” rating to a “b” rating in a research report on Wednesday, April 27th. Finally, DA Davidson started coverage on Harley-Davidson in a research report on Thursday, June 30th. They set a “neutral” rating and a $35.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Harley-Davidson currently has an average rating of “Moderate Buy” and a consensus target price of $48.89.

Harley-Davidson Profile

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Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

See Also

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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