Mitsubishi UFJ Trust & Banking Corp Raises Holdings in Harley-Davidson, Inc. $HOG

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 615.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,465 shares of the company’s stock after acquiring an additional 52,875 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Harley-Davidson worth $1,715,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Harley-Davidson by 62.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock valued at $2,183,000 after purchasing an additional 33,097 shares in the last quarter. Empowered Funds LLC lifted its holdings in Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock worth $443,000 after buying an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after buying an additional 1,278 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Harley-Davidson by 3.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,129 shares of the company’s stock valued at $412,000 after buying an additional 607 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Harley-Davidson by 37.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,900 shares of the company’s stock valued at $68,000 after acquiring an additional 790 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harley-Davidson in a research report on Thursday, January 22nd. UBS Group reduced their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. DA Davidson cut their price objective on Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Citigroup cut their target price on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $25.86.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $19.80 on Friday. The company has a market capitalization of $2.34 billion, a P/E ratio of 4.81, a price-to-earnings-growth ratio of 0.49 and a beta of 1.37. Harley-Davidson, Inc. has a one year low of $19.44 and a one year high of $31.25. The business’s 50-day moving average price is $21.55 and its two-hundred day moving average price is $24.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.51 and a quick ratio of 2.36.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, November 4th. The company reported $3.10 EPS for the quarter, topping the consensus estimate of $1.38 by $1.72. Harley-Davidson had a net margin of 11.37% and a return on equity of 15.19%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.01 billion. Analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 9th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, December 9th. Harley-Davidson’s dividend payout ratio (DPR) is currently 17.48%.

Harley-Davidson Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.