First Trust Advisors LP Acquires 37,651 Shares of Harley-Davidson, Inc. (NYSE:HOG)

First Trust Advisors LP grew its holdings in Harley-Davidson, Inc. (NYSE:HOGFree Report) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 678,799 shares of the company’s stock after purchasing an additional 37,651 shares during the period. First Trust Advisors LP owned about 0.49% of Harley-Davidson worth $25,007,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Harley-Davidson by 47.8% during the 3rd 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Harley-Davidson by 15.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after acquiring an additional 689,363 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Harley-Davidson during the fourth quarter valued at approximately $1,696,000. Alps Advisors Inc. grew its stake in Harley-Davidson by 29.7% in the third 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 in the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Harley-Davidson during the 4th quarter worth approximately $3,154,000. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $34.19 on Tuesday. 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 firm has a market cap of $4.60 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 1.07 and a beta of 1.47. The stock’s fifty day moving average price is $36.90 and its two-hundred day moving average price is $36.38. Harley-Davidson, Inc. has a one year low of $25.43 and a one year high of $44.16.

Harley-Davidson (NYSE:HOGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts forecast that Harley-Davidson, Inc. will post 4.64 EPS for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, June 5th will be paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, June 5th. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.33%.

Analyst Ratings Changes

Several research firms recently weighed in on HOG. Citigroup raised their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. DA Davidson upped their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11th. BMO Capital Markets lowered their price target on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. UBS Group raised their price objective on Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, Bank of America boosted their target price on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

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About Harley-Davidson

(Free Report)

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.

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

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