Scientech Research LLC Has $423,000 Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Scientech Research LLC boosted its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 85.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,606 shares of the company’s stock after buying an additional 5,825 shares during the quarter. Scientech Research LLC’s holdings in Harley-Davidson were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOG. LSV Asset Management increased its holdings in shares of Harley-Davidson by 17.3% during the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after acquiring an additional 842,407 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Harley-Davidson by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock valued at $209,576,000 after purchasing an additional 708,260 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock valued at $75,932,000 after purchasing an additional 678,092 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after purchasing an additional 452,536 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Harley-Davidson by 134.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 474,150 shares of the company’s stock worth $17,468,000 after buying an additional 272,120 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. UBS Group upped their target price on Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Finally, Robert W. Baird lifted their price target on Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.00.

Harley-Davidson Stock Up 2.9 %

HOG stock opened at $39.37 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. Harley-Davidson, Inc. has a 52 week low of $25.43 and a 52 week high of $44.16. The company has a market cap of $5.30 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The business has a 50-day simple moving average of $36.95 and a 200 day simple moving average of $36.76.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $1.22 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Harley-Davidson, Inc. will post 4.32 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a dividend of $0.1725 per share. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 1.75%. Harley-Davidson’s dividend payout ratio is currently 15.33%.

Harley-Davidson declared that its board has approved a share repurchase program on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 19.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.