Gateway Investment Advisers LLC increased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 8.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 18,651 shares of the company’s stock after acquiring an additional 1,465 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Harley-Davidson were worth $735,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in HOG. Brown Advisory Inc. lifted its position in Harley-Davidson by 128.4% during the fourth quarter. Brown Advisory Inc. now owns 1,525,270 shares of the company’s stock worth $57,487,000 after buying an additional 857,340 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Harley-Davidson by 221.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,138,396 shares of the company’s stock worth $42,905,000 after buying an additional 784,439 shares in the last quarter. Eaton Vance Management lifted its position in Harley-Davidson by 158.3% during the fourth quarter. Eaton Vance Management now owns 1,266,487 shares of the company’s stock worth $47,625,000 after buying an additional 776,225 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Harley-Davidson by 11.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,003,170 shares of the company’s stock worth $113,188,000 after buying an additional 302,438 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Harley-Davidson by 157.7% during the first quarter. Pacer Advisors Inc. now owns 429,588 shares of the company’s stock worth $16,926,000 after buying an additional 262,892 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Several research firms have issued reports on HOG. BMO Capital Markets cut their target price on Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, April 28th. Robert W. Baird cut their target price on Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, April 28th. Northcoast Research reissued a “neutral” rating on shares of Harley-Davidson in a research note on Tuesday, May 17th. TheStreet raised Harley-Davidson from a “c+” rating to a “b” rating in a research note on Wednesday, April 27th. Finally, StockNews.com began coverage on Harley-Davidson in a research note on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.07.
Shares of NYSE HOG opened at $32.80 on Friday. Harley-Davidson, Inc. has a twelve month low of $29.80 and a twelve month high of $47.51. The company has a current ratio of 1.34, a quick ratio of 1.12 and a debt-to-equity ratio of 1.78. The stock has a fifty day simple moving average of $35.30 and a 200-day simple moving average of $37.19. The stock has a market capitalization of $4.83 billion, a PE ratio of 8.26, a PEG ratio of 0.85 and a beta of 1.30.
Harley-Davidson (NYSE:HOG – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.07). Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson, Inc. will post 4.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Thursday, June 2nd were paid a dividend of $0.157 per share. The ex-dividend date was Wednesday, June 1st. This represents a $0.63 annualized dividend and a yield of 1.91%. Harley-Davidson’s payout ratio is 15.87%.
About Harley-Davidson (Get Rating)
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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