Wealth Enhancement Advisory Services LLC Reduces Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,235 shares of the company’s stock after selling 1,011 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Harley-Davidson were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HOG. Dimensional Fund Advisors LP grew its position in Harley-Davidson by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company’s stock worth $205,940,000 after purchasing an additional 332,928 shares during the last quarter. LSV Asset Management boosted its stake in shares of Harley-Davidson by 0.4% during the fourth quarter. LSV Asset Management now owns 5,498,635 shares of the company’s stock worth $165,674,000 after buying an additional 19,453 shares during the period. American Century Companies Inc. boosted its stake in shares of Harley-Davidson by 14.2% during the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock worth $105,352,000 after buying an additional 435,200 shares during the period. Donald Smith & CO. Inc. purchased a new position in shares of Harley-Davidson during the fourth quarter worth about $50,368,000. Finally, Brown Advisory Inc. increased its position in Harley-Davidson by 4.8% in the 4th quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company’s stock valued at $47,266,000 after acquiring an additional 71,495 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

NYSE HOG opened at $24.82 on Friday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.38 and a beta of 1.32. The business’s 50 day moving average is $23.70 and its two-hundred day moving average is $26.62. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. The firm had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share. Research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.90%. Harley-Davidson’s dividend payout ratio (DPR) is presently 26.87%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird increased their price objective on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. Citigroup cut their price target on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, UBS Group lowered their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $30.17.

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