Wealth Enhancement Advisory Services LLC Buys 607 Shares of Harley-Davidson, Inc. $HOG

Wealth Enhancement Advisory Services LLC boosted its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,129 shares of the company’s stock after acquiring an additional 607 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Harley-Davidson were worth $412,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HOG. Assetmark Inc. boosted its holdings in shares of Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after purchasing an additional 713 shares in the last quarter. CX Institutional purchased a new position in shares of Harley-Davidson in the first quarter worth $28,000. Financial Harvest LLC bought a new stake in Harley-Davidson during the 1st quarter valued at $30,000. UMB Bank n.a. raised its holdings in Harley-Davidson by 153.6% during the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock valued at $33,000 after buying an additional 791 shares during the last quarter. Finally, IMG Wealth Management Inc. purchased a new stake in Harley-Davidson during the 1st quarter valued at $48,000. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $26.55 on Tuesday. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $36.94. The firm has a market capitalization of $3.23 billion, a PE ratio of 13.76, a P/E/G ratio of 0.40 and a beta of 1.27. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. The company has a 50 day moving average price of $27.87 and a 200-day moving average price of $25.35.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The business’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 EPS. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, September 10th. Harley-Davidson’s dividend payout ratio is presently 37.31%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HOG. Citigroup boosted their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, June 16th. DA Davidson lifted their price objective on Harley-Davidson from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Griffin Securities set a $34.00 target price on Harley-Davidson in a report on Monday, August 25th. UBS Group lifted their price target on shares of Harley-Davidson from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Harley-Davidson in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.

Insider Activity at Harley-Davidson

In other news, Director Rafeh Masood acquired 2,068 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the transaction, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. This trade represents a 78.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.93% of the stock is owned by company insiders.

Harley-Davidson 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.