1,696 Shares in Harley-Davidson, Inc. (NYSE:HOG) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,696 shares of the company’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates boosted its stake in shares of Harley-Davidson by 2.1% during the 3rd quarter. Raymond James & Associates now owns 564,850 shares of the company’s stock worth $18,674,000 after acquiring an additional 11,670 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Harley-Davidson by 132.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 54,751 shares of the company’s stock worth $1,810,000 after purchasing an additional 31,180 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Harley-Davidson by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock worth $48,330,000 after purchasing an additional 12,332 shares during the period. Brown Advisory Inc. boosted its stake in shares of Harley-Davidson by 2.7% in the third quarter. Brown Advisory Inc. now owns 1,288,649 shares of the company’s stock valued at $42,603,000 after buying an additional 33,760 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Harley-Davidson by 4.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,765 shares of the company’s stock worth $852,000 after buying an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HOG. BMO Capital Markets decreased 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 target price on Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Citigroup boosted their price target on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Bank of America raised their price objective on Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Morgan Stanley started coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.43.

Harley-Davidson Price Performance

Shares of HOG opened at $34.37 on Thursday. The business has a 50-day simple moving average of $39.70 and a two-hundred day simple moving average of $35.05. Harley-Davidson, Inc. has a 12-month low of $25.43 and a 12-month high of $44.16. The stock has a market cap of $4.62 billion, a PE ratio of 7.64, a PEG ratio of 1.13 and a beta of 1.43. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. Analysts anticipate that Harley-Davidson, Inc. will post 4.52 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were paid a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 2.01%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.33%.

About Harley-Davidson

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.