Quantbot Technologies LP purchased a new position in shares of Harley-Davidson Inc (NYSE:HOG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,958 shares of the company’s stock, valued at approximately $949,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOG. Findlay Park Partners LLP raised its holdings in Harley-Davidson by 77.8% during the second quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the company’s stock worth $134,656,000 after purchasing an additional 1,400,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Harley-Davidson by 24.0% during the third quarter. Bank of New York Mellon Corp now owns 7,066,507 shares of the company’s stock worth $320,112,000 after purchasing an additional 1,366,599 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Harley-Davidson during the second quarter worth about $25,227,000. American Century Companies Inc. raised its holdings in Harley-Davidson by 1,500.6% during the third quarter. American Century Companies Inc. now owns 627,266 shares of the company’s stock worth $28,415,000 after purchasing an additional 588,076 shares in the last quarter. Finally, Strs Ohio raised its holdings in Harley-Davidson by 353.8% during the third quarter. Strs Ohio now owns 577,181 shares of the company’s stock worth $26,146,000 after purchasing an additional 450,000 shares in the last quarter. 88.35% of the stock is owned by hedge funds and other institutional investors.
Shares of HOG opened at $41.86 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.95. Harley-Davidson Inc has a twelve month low of $35.76 and a twelve month high of $56.50. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.40 and a beta of 1.09.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.25. Harley-Davidson had a net margin of 9.30% and a return on equity of 33.57%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities analysts anticipate that Harley-Davidson Inc will post 3.88 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.48 annualized dividend and a yield of 3.54%. Harley-Davidson’s payout ratio is currently 42.29%.
HOG has been the subject of several analyst reports. Citigroup increased their price target on shares of Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Argus cut their price target on shares of Harley-Davidson from $50.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. Goldman Sachs Group set a $45.00 price target on shares of Harley-Davidson and gave the stock a “hold” rating in a report on Tuesday, October 16th. Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, ValuEngine upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $44.38.
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Harley-Davidson Company Profile
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.
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