Harley-Davidson, Inc. $HOG Stock Holdings Lifted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its stake in Harley-Davidson, Inc. (NYSE:HOG) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,200 shares of the company’s stock after buying an additional 2,300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Harley-Davidson were worth $854,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in Harley-Davidson by 3.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,129 shares of the company’s stock worth $412,000 after buying an additional 607 shares during the last quarter. Assetmark Inc. boosted its holdings in Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Harley-Davidson by 52.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock valued at $53,000 after acquiring an additional 725 shares during the period. UMB Bank n.a. grew its position in Harley-Davidson by 68.3% during the second quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock worth $52,000 after buying an additional 892 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Harley-Davidson by 1.4% during the first quarter. New York State Common Retirement Fund now owns 74,409 shares of the company’s stock worth $1,879,000 after buying an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insider Activity

In other news, Director Rafeh Masood purchased 2,068 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $24.06 per share, with a total value of $49,756.08. Following the acquisition, the director directly owned 4,705 shares of the company’s stock, valued at approximately $113,202.30. This represents a 78.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HOG has been the topic of a number of recent research reports. UBS Group lifted their target price on Harley-Davidson from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 price objective on shares of Harley-Davidson in a research report on Monday, August 25th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their price objective on shares of Harley-Davidson from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.00.

Harley-Davidson Price Performance

Shares of HOG stock opened at $26.85 on Thursday. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $36.94. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.38 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 firm has a fifty day moving average of $28.21 and a 200-day moving average of $25.40.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm earned $1.63 EPS. Harley-Davidson’s quarterly revenue was down 19.3% on a year-over-year basis. On average, equities research analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

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

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.