Harley-Davidson, Inc. (NYSE:HOG) Position Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in shares of Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 87.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,179 shares of the company’s stock after acquiring an additional 17,823 shares during the quarter. Acadian Asset Management LLC’s holdings in Harley-Davidson were worth $1,502,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HOG. Parallel Advisors LLC lifted its position in shares of Harley-Davidson by 334.2% in the 1st quarter. Parallel Advisors LLC now owns 2,553 shares of the company’s stock worth $102,000 after buying an additional 1,965 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Harley-Davidson by 36.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 428,310 shares of the company’s stock worth $16,875,000 after buying an additional 113,279 shares during the last quarter. Allworth Financial LP lifted its position in shares of Harley-Davidson by 25.8% in the 1st quarter. Allworth Financial LP now owns 2,134 shares of the company’s stock worth $84,000 after buying an additional 438 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Harley-Davidson by 1.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 40,300 shares of the company’s stock worth $1,662,000 after buying an additional 700 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Harley-Davidson by 54.8% in the 4th quarter. Citigroup Inc. now owns 205,518 shares of the company’s stock worth $7,747,000 after acquiring an additional 72,790 shares during the period. 87.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Rafeh Masood bought 1,335 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was bought at an average cost of $37.50 per share, for a total transaction of $50,062.50. Following the completion of the acquisition, the director now directly owns 1,335 shares in the company, valued at approximately $50,062.50. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on HOG shares. Morgan Stanley dropped their price objective on shares of Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Northcoast Research reaffirmed a “neutral” rating on shares of Harley-Davidson in a report on Tuesday, May 17th. DA Davidson increased their price objective on shares of Harley-Davidson to $36.00 in a report on Tuesday, August 9th. Wolfe Research reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Harley-Davidson in a report on Friday, May 20th. Finally, StockNews.com cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Harley-Davidson has an average rating of “Moderate Buy” and an average price target of $49.00.

Harley-Davidson Stock Performance

NYSE:HOG opened at $37.79 on Wednesday. Harley-Davidson, Inc. has a twelve month low of $29.80 and a twelve month high of $44.46. The company has a current ratio of 1.44, a quick ratio of 1.25 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average of $36.23 and a 200-day moving average of $36.90. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31.

Harley-Davidson (NYSE:HOGGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.21. Harley-Davidson had a net margin of 12.11% and a return on equity of 25.73%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $1.41 EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts forecast that Harley-Davidson, Inc. will post 4.48 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Monday, September 12th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.37%.

Harley-Davidson Company Profile

(Get Rating)

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.

Further Reading

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

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