LPL Financial LLC Sells 2,561 Shares of Harley-Davidson, Inc. (NYSE:HOG)

LPL Financial LLC decreased its position in Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,876 shares of the company’s stock after selling 2,561 shares during the quarter. LPL Financial LLC’s holdings in Harley-Davidson were worth $1,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of 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 acquiring an additional 194,089 shares during the last quarter. Boston Partners lifted its holdings in shares of Harley-Davidson by 2.9% during the third quarter. Boston Partners now owns 10,591,592 shares of the company’s stock valued at $373,001,000 after acquiring an additional 296,422 shares during the period. LSV Asset Management raised its holdings in shares of Harley-Davidson by 1.1% in the third quarter. LSV Asset Management now owns 4,974,077 shares of the company’s stock valued at $173,496,000 after buying an additional 54,609 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Harley-Davidson by 7.1% in the third quarter. Jupiter Asset Management Ltd. now owns 4,855,744 shares of the company’s stock valued at $169,368,000 after buying an additional 320,390 shares during the last quarter. Finally, State Street Corp raised its holdings in 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 purchasing an additional 216,545 shares during the last quarter. Institutional investors own 83.96% of the company’s stock.

Harley-Davidson Stock Up 1.5 %

Shares of NYSE:HOG opened at $32.80 on Friday. The company has a market capitalization of $4.72 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.72 and a quick ratio of 1.45. The business has a fifty day moving average price of $36.01 and a two-hundred day moving average price of $42.11. Harley-Davidson, Inc. has a 1 year low of $29.80 and a 1 year high of $51.77.

Harley-Davidson (NYSE:HOGGet Rating) last issued its quarterly earnings data on Thursday, April 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.62. Harley-Davidson had a return on equity of 28.68% and a net margin of 14.08%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Analysts forecast that Harley-Davidson, Inc. will post 4.79 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Monday, June 5th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.66 annualized dividend and a dividend yield of 2.01%. Harley-Davidson’s dividend payout ratio (DPR) is presently 11.87%.

Wall Street Analysts Forecast Growth

HOG has been the subject of several analyst reports. Robert W. Baird decreased their target price on Harley-Davidson from $56.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, March 29th. DA Davidson dropped their price target on Harley-Davidson from $42.00 to $38.00 in a research note on Friday, May 5th. KeyCorp began coverage on Harley-Davidson in a research note on Wednesday, April 19th. They issued a “sector weight” rating on the stock. Bank of America decreased their price objective on Harley-Davidson from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, April 13th. Finally, Jefferies Financial Group raised Harley-Davidson from an “underperform” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Wednesday, March 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Moderate Buy” and an average target price of $45.50.

Harley-Davidson Company Profile

(Get Rating)

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.

Further Reading

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

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