First Trust Advisors LP Has $8.84 Million Holdings in Harley-Davidson, Inc. (NYSE:HOG)

First Trust Advisors LP lessened its stake in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 1.1% in the third quarter, HoldingsChannel reports. The firm owned 253,395 shares of the company’s stock after selling 2,940 shares during the period. First Trust Advisors LP’s holdings in Harley-Davidson were worth $8,838,000 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 HOG. TD Capital Management LLC bought a new stake in shares of Harley-Davidson in the 3rd quarter valued at about $26,000. Lazard Asset Management LLC bought a new stake in Harley-Davidson in the first quarter valued at approximately $31,000. Ellevest Inc. raised its holdings in Harley-Davidson by 327.2% in the third quarter. Ellevest Inc. now owns 1,115 shares of the company’s stock worth $39,000 after purchasing an additional 854 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Harley-Davidson by 1,144.1% in the first quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock worth $54,000 after purchasing an additional 1,270 shares during the period. Finally, Covestor Ltd boosted its position in shares of Harley-Davidson by 74.7% during the first quarter. Covestor Ltd now owns 1,660 shares of the company’s stock worth $65,000 after purchasing an additional 710 shares in the last quarter. Institutional investors own 83.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HOG shares. DA Davidson upped their price objective on shares of Harley-Davidson from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Morgan Stanley increased their price target on Harley-Davidson from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 1st. Jefferies Financial Group initiated coverage on Harley-Davidson in a report on Tuesday, November 15th. They set an “underperform” rating and a $39.00 price objective on the stock. StockNews.com cut Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Friday, January 20th. Finally, Citigroup set a $49.00 price target on shares of Harley-Davidson in a research note on Wednesday, November 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.38.

Harley-Davidson Price Performance

Shares of HOG opened at $39.76 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.34 and a debt-to-equity ratio of 1.53. Harley-Davidson, Inc. has a twelve month low of $29.80 and a twelve month high of $51.77. The stock has a market capitalization of $5.81 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.39 and a beta of 1.39. The company has a 50 day moving average of $45.91 and a 200-day moving average of $43.14.

Harley-Davidson (NYSE:HOG – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.21. Harley-Davidson had a net margin of 13.35% and a return on equity of 27.23%. The business had revenue of $918.70 million during the quarter, compared to the consensus estimate of $910.04 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts forecast that Harley-Davidson, Inc. will post 4.68 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Friday, March 3rd will be issued a $0.165 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.66 annualized dividend and a dividend yield of 1.66%. Harley-Davidson’s dividend payout ratio (DPR) is presently 13.28%.

Insider Activity at Harley-Davidson

In related news, SVP Jonathan R. Root sold 2,239 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $50.17, for a total transaction of $112,330.63. Following the completion of the transaction, the senior vice president now directly owns 5,474 shares of the company’s stock, valued at $274,630.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Harley-Davidson Company Profile

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Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.