Russell Investments Group Ltd. Has $2.40 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Russell Investments Group Ltd. lowered its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 0.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,158 shares of the company’s stock after selling 590 shares during the quarter. Russell Investments Group Ltd.’s holdings in Harley-Davidson were worth $2,397,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. lifted its position in shares of Harley-Davidson by 17.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 5,684,086 shares of the company’s stock worth $236,344,000 after acquiring an additional 828,342 shares during the period. Balyasny Asset Management LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at $26,684,000. Fiera Capital Corp acquired a new stake in shares of Harley-Davidson in the 4th quarter valued at $22,377,000. Morgan Stanley increased its stake in shares of Harley-Davidson by 31.3% in the 4th quarter. Morgan Stanley now owns 1,984,491 shares of the company’s stock valued at $82,555,000 after buying an additional 473,324 shares during the period. Finally, Maple Rock Capital Partners Inc. increased its stake in shares of Harley-Davidson by 62.8% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 994,500 shares of the company’s stock valued at $41,371,000 after buying an additional 383,500 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Transactions at Harley-Davidson

In other news, Director Rafeh Masood bought 1,302 shares of the stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $38.40 per share, for a total transaction of $49,996.80. Following the completion of the purchase, the director now owns 2,637 shares in the company, valued at $101,260.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $33.55 on Friday. Harley-Davidson, Inc. has a twelve month low of $30.85 and a twelve month high of $51.77. The business’s 50 day moving average price is $35.41 and its two-hundred day moving average price is $37.43. The company has a quick ratio of 1.69, a current ratio of 2.03 and a debt-to-equity ratio of 1.81. The company has a market cap of $4.75 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Thursday, July 27th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.18). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Harley-Davidson had a return on equity of 26.10% and a net margin of 13.03%. Harley-Davidson’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. On average, analysts predict that Harley-Davidson, Inc. will post 4.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on HOG. Robert W. Baird lifted their price objective on Harley-Davidson from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. StockNews.com initiated coverage on Harley-Davidson in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup cut their price target on Harley-Davidson from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, June 13th. UBS Group cut their price target on Harley-Davidson from $49.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Finally, 3M reiterated a “maintains” rating on shares of Harley-Davidson in a report on Monday, June 12th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and an average target price of $45.29.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.