Van ECK Associates Corp Has $8.85 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Van ECK Associates Corp reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,190 shares of the company’s stock after selling 67,835 shares during the period. Van ECK Associates Corp’s holdings in Harley-Davidson were worth $8,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOG. Charles Schwab Investment Management Inc. lifted its holdings in shares of Harley-Davidson by 47.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock worth $41,955,000 after buying an additional 410,648 shares during the last quarter. Alps Advisors Inc. raised its stake in Harley-Davidson by 29.7% during the 3rd quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock valued at $343,000 after purchasing an additional 2,375 shares during the last quarter. Diversified Trust Co acquired a new position in Harley-Davidson during the 4th quarter valued at $3,154,000. Pathstone Family Office LLC acquired a new stake in Harley-Davidson in the 3rd quarter worth $565,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Harley-Davidson during the 3rd quarter worth about $641,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $35.04 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.32. The business’s fifty day moving average price is $39.58 and its two-hundred day moving average price is $35.05. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.10 and a beta of 1.48.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.24. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. As a group, analysts predict that Harley-Davidson, Inc. will post 4.52 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 1.97%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st. Harley-Davidson’s dividend payout ratio is currently 15.33%.

Wall Street Analysts Forecast Growth

HOG has been the subject of several research reports. DA Davidson increased their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America raised their price objective on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Citigroup boosted their price objective on Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Morgan Stanley began coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price for the company. Finally, UBS Group lifted their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.43.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.