Mirae Asset Global Investments Co. Ltd. Has $16.88 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Mirae Asset Global Investments Co. Ltd. increased its position in Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 36.0% in the first quarter, Holdings Channel.com reports. The firm owned 428,310 shares of the company’s stock after acquiring an additional 113,279 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Harley-Davidson were worth $16,875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Harley-Davidson by 1.5% in the first quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock worth $501,454,000 after purchasing an additional 194,089 shares during the period. H Partners Management LLC increased its position in Harley-Davidson by 2.4% in the first quarter. H Partners Management LLC now owns 12,600,000 shares of the company’s stock worth $496,440,000 after purchasing an additional 300,000 shares during the period. Beutel Goodman & Co Ltd. grew its position in shares of Harley-Davidson by 3.0% during the 1st quarter. Beutel Goodman & Co Ltd. now owns 7,208,664 shares of the company’s stock worth $284,021,000 after buying an additional 210,360 shares during the period. LSV Asset Management grew its position in shares of Harley-Davidson by 1.6% during the 1st quarter. LSV Asset Management now owns 4,985,954 shares of the company’s stock worth $196,447,000 after buying an additional 78,466 shares during the period. Finally, State Street Corp grew its position in shares of Harley-Davidson by 5.6% during the 1st quarter. State Street Corp now owns 4,111,284 shares of the company’s stock worth $161,985,000 after buying an additional 216,545 shares during the period. 87.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Harley-Davidson

In related news, Director Rafeh Masood acquired 1,335 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were bought at an average price of $37.50 per share, for a total transaction of $50,062.50. Following the purchase, the director now directly owns 1,335 shares in the company, valued at approximately $50,062.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Bank of America decreased their target price on Harley-Davidson from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Morgan Stanley decreased their target price on Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Finally, DA Davidson boosted their target price on Harley-Davidson to $36.00 in a research report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.29.

Harley-Davidson Trading Down 0.9 %

NYSE HOG opened at $40.71 on Monday. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.86 and a beta of 1.31. The stock’s 50 day moving average price is $37.98 and its two-hundred day moving average price is $36.75. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.25 and a current ratio of 1.44. Harley-Davidson, Inc. has a 52 week low of $29.80 and a 52 week high of $44.46.

Harley-Davidson (NYSE:HOGGet Rating) last released its earnings results on Thursday, July 28th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.25 by $0.21. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Harley-Davidson had a return on equity of 25.73% and a net margin of 12.11%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. As a group, analysts anticipate that Harley-Davidson, Inc. will post 4.53 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Monday, September 12th will be paid a $0.1575 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 9th. This represents a $0.63 annualized dividend and a yield of 1.55%. Harley-Davidson’s payout ratio is presently 15.37%.

About Harley-Davidson

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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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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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