Quantitative Investment Management LLC Takes Position in Harley-Davidson, Inc. (NYSE:HOG)

Quantitative Investment Management LLC acquired a new stake in shares of Harley-Davidson, Inc. (NYSE:HOGGet Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,600 shares of the company’s stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of Harley-Davidson in the first quarter valued at $31,000. Covestor Ltd acquired a new position in shares of Harley-Davidson in the fourth quarter worth $36,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Harley-Davidson in the first quarter worth $39,000. Tradition Wealth Management LLC increased its stake in shares of Harley-Davidson by 120.8% in the first quarter. Tradition Wealth Management LLC now owns 1,340 shares of the company’s stock worth $53,000 after acquiring an additional 733 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Harley-Davidson by 1,144.1% in the first quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock worth $54,000 after acquiring an additional 1,270 shares during the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

Wall Street Analyst Weigh In

HOG has been the topic of a number of research reports. Morgan Stanley dropped their price target on shares of Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. StockNews.com downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. DA Davidson increased their target price on shares of Harley-Davidson to $36.00 in a research report on Tuesday, August 9th. Wolfe Research reissued a “buy” rating and set a $45.00 target price on shares of Harley-Davidson in a research report on Friday, May 20th. Finally, Bank of America lowered their target price on shares of Harley-Davidson from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.29.

Harley-Davidson Trading Up 2.6 %

Shares of NYSE:HOG opened at $41.07 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.25 and a current ratio of 1.44. The stock’s 50-day moving average is $37.07 and its 200-day moving average is $36.74. 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 $6.00 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.87 and a beta of 1.31.

Harley-Davidson (NYSE:HOGGet Rating) last released its earnings results 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company earned $1.41 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. Equities research analysts predict that Harley-Davidson, Inc. will post 4.48 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Monday, September 12th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, September 9th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.16. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.37%.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood purchased 1,335 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was purchased at an average price of $37.50 per share, for a total transaction of $50,062.50. Following the completion of the purchase, the director now directly owns 1,335 shares in the company, valued at $50,062.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

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.

Featured Articles

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

Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.