Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Xponance Inc.

Xponance Inc. decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,286 shares of the company’s stock after selling 1,794 shares during the period. Xponance Inc.’s holdings in Harley-Davidson were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in shares of Harley-Davidson in the first quarter valued at approximately $39,000. Neo Ivy Capital Management purchased a new stake in Harley-Davidson in the 4th quarter valued at $50,000. American National Bank acquired a new stake in shares of Harley-Davidson in the 1st quarter worth $52,000. Signaturefd LLC raised its holdings in shares of Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after acquiring an additional 597 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after acquiring an additional 322 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Down 2.2 %

Harley-Davidson stock opened at $38.51 on Tuesday. The company has a market capitalization of $5.18 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The firm has a 50 day moving average price of $37.01 and a 200 day moving average price of $36.74.

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

Harley-Davidson announced that its board has initiated a share buyback program on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 19.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, September 16th. Harley-Davidson’s payout ratio is 15.33%.

Wall Street Analysts Forecast Growth

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