Cetera Investment Advisers Has $2.50 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Cetera Investment Advisers grew its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,521 shares of the company’s stock after acquiring an additional 1,693 shares during the quarter. Cetera Investment Advisers’ holdings in Harley-Davidson were worth $2,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Harley-Davidson by 19.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp increased its stake in Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after acquiring an additional 322 shares during the period. Toronto Dominion Bank raised its holdings in Harley-Davidson by 0.7% in the 1st quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock valued at $2,273,000 after acquiring an additional 345 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Harley-Davidson by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 159,149 shares of the company’s stock valued at $6,961,000 after acquiring an additional 420 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on HOG. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group lifted their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, Citigroup upped their target price on Harley-Davidson from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Harley-Davidson Stock Performance

NYSE HOG opened at $34.78 on Friday. The firm’s fifty day moving average price is $36.75 and its two-hundred day moving average price is $36.32. The stock has a market cap of $4.68 billion, a PE ratio of 7.73, a PEG ratio of 1.28 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.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts expect that Harley-Davidson, Inc. will post 4.19 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a yield of 1.98%. Harley-Davidson’s dividend payout ratio is presently 15.33%.

Harley-Davidson declared that its board has initiated a stock buyback plan on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 19.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Harley-Davidson Company 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.