Securian Asset Management Inc Reduces Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Securian Asset Management Inc lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,122 shares of the company’s stock after selling 308 shares during the period. Securian Asset Management Inc’s holdings in Harley-Davidson were worth $647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. H Partners Management LLC lifted its position in shares of Harley-Davidson by 29.6% in the 1st quarter. H Partners Management LLC now owns 8,400,000 shares of the company’s stock worth $336,840,000 after purchasing an additional 1,920,875 shares during the period. Thunderbird Partners LLP lifted its position in shares of Harley-Davidson by 203.4% in the 1st quarter. Thunderbird Partners LLP now owns 2,268,867 shares of the company’s stock worth $90,982,000 after purchasing an additional 1,521,163 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Harley-Davidson by 389.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,280,611 shares of the company’s stock worth $51,352,000 after purchasing an additional 1,018,883 shares during the period. Millennium Management LLC lifted its position in shares of Harley-Davidson by 598.2% in the 1st quarter. Millennium Management LLC now owns 992,689 shares of the company’s stock worth $39,807,000 after purchasing an additional 850,513 shares during the period. Finally, Cannell Capital LLC lifted its position in shares of Harley-Davidson by 979.7% in the 1st quarter. Cannell Capital LLC now owns 411,189 shares of the company’s stock worth $16,489,000 after purchasing an additional 373,104 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE HOG opened at $38.27 on Friday. The firm’s 50-day moving average price is $40.29 and its 200-day moving average price is $42.62. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 2.24. The company has a market cap of $5.89 billion, a PE ratio of 12.11, a PEG ratio of 0.43 and a beta of 1.46. Harley-Davidson, Inc. has a 52-week low of $22.56 and a 52-week high of $52.06.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 20th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.24. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.38 billion. Harley-Davidson had a net margin of 10.53% and a return on equity of 29.87%. The business’s quarterly revenue was up 128.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.60) EPS. As a group, equities research analysts anticipate that Harley-Davidson, Inc. will post 3.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Friday, September 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, September 9th. Harley-Davidson’s payout ratio is 77.92%.

HOG has been the subject of several research analyst reports. Bank of America reaffirmed a “buy” rating and issued a $70.00 target price on shares of Harley-Davidson in a research report on Friday, June 11th. Wedbush decreased their price target on shares of Harley-Davidson from $60.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, September 9th. They noted that the move was a valuation call. Morgan Stanley increased their price target on shares of Harley-Davidson from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, July 22nd. Royal Bank of Canada decreased their price target on shares of Harley-Davidson from $48.00 to $41.00 and set a “sector perform” rating for the company in a research note on Thursday, July 22nd. Finally, Tigress Financial reiterated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a research note on Friday, September 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $48.41.

Harley-Davidson Profile

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: Yield Curve

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

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