Future Financial Wealth Managment LLC Acquires New Position in Harley-Davidson, Inc. (NYSE:HOG)

Future Financial Wealth Managment LLC bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 896 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds also recently added to or reduced their stakes in HOG. Dimensional Fund Advisors LP grew its holdings in shares of Harley-Davidson by 15.1% in the 4th 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 during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of Harley-Davidson in the fourth quarter valued at about $1,133,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $1,696,000. Alps Advisors Inc. increased its stake in shares of Harley-Davidson by 29.7% during the 3rd quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock worth $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. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Price Performance

HOG opened at $33.40 on Friday. Harley-Davidson, Inc. has a 1 year low of $25.43 and a 1 year high of $44.16. The company’s 50 day simple moving average is $34.98 and its 200 day simple moving average is $36.54. The stock has a market capitalization of $4.49 billion, a PE ratio of 7.42, a P/E/G ratio of 1.09 and a beta of 1.47. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.24. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. As a group, sell-side analysts expect that Harley-Davidson, Inc. will post 4.46 EPS for the current year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Wednesday, June 5th were issued a $0.1725 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $0.69 annualized dividend and a yield of 2.07%. Harley-Davidson’s payout ratio is 15.33%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HOG shares. Citigroup dropped their price target on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. BMO Capital Markets cut their target price on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Bank of America raised their price target on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. DA Davidson boosted their price objective on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley began coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.00.

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.