Handelsbanken Fonder AB Increases Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Handelsbanken Fonder AB raised its position in Harley-Davidson, Inc. (NYSE:HOG) by 44.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,323 shares of the company’s stock after buying an additional 9,900 shares during the period. Handelsbanken Fonder AB’s holdings in Harley-Davidson were worth $1,191,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of Harley-Davidson during the 4th quarter valued at about $36,000. Lindbrook Capital LLC boosted its position in Harley-Davidson by 66.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock worth $39,000 after purchasing an additional 423 shares in the last quarter. Signaturefd LLC grew its holdings in Harley-Davidson by 115.0% in the fourth quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock valued at $42,000 after purchasing an additional 615 shares during the period. Headinvest LLC purchased a new stake in shares of Harley-Davidson in the third quarter valued at approximately $52,000. Finally, National Bank of Canada FI raised its stake in shares of Harley-Davidson by 30.3% during the 3rd quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock worth $54,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target for the company. DA Davidson boosted their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. UBS Group raised their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. BMO Capital Markets cut their price objective on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Bank of America raised their target price on Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Harley-Davidson Trading Up 4.6 %

HOG opened at $34.75 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.25. The company’s 50 day simple moving average is $39.81 and its two-hundred day simple moving average is $34.98. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 2.26 and a beta of 1.43. Harley-Davidson, Inc. has a 1-year low of $25.43 and a 1-year high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. Analysts expect that Harley-Davidson, Inc. will post 4.29 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were given a dividend of $0.1725 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 1.99%. Harley-Davidson’s payout ratio is presently 15.33%.

About Harley-Davidson

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, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.