Algert Global LLC Trims Position in Harley-Davidson, Inc. (NYSE:HOG)

Algert Global LLC trimmed its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,642 shares of the company’s stock after selling 4,883 shares during the period. Algert Global LLC owned 0.14% of Harley-Davidson worth $6,361,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Scientech Research LLC raised its holdings in Harley-Davidson by 85.9% during the second quarter. Scientech Research LLC now owns 12,606 shares of the company’s stock valued at $423,000 after acquiring an additional 5,825 shares during the period. AQR Capital Management LLC raised its stake in Harley-Davidson by 1,179.1% during the 2nd quarter. AQR Capital Management LLC now owns 270,102 shares of the company’s stock valued at $9,048,000 after purchasing an additional 248,986 shares during the period. Caxton Associates LP purchased a new position in Harley-Davidson in the 2nd quarter worth approximately $690,000. Squarepoint Ops LLC boosted its stake in Harley-Davidson by 174.4% in the 2nd quarter. Squarepoint Ops LLC now owns 419,775 shares of the company’s stock worth $14,079,000 after purchasing an additional 266,806 shares during the period. Finally, Bank of Montreal Can grew its holdings in Harley-Davidson by 14.1% during the 2nd quarter. Bank of Montreal Can now owns 468,618 shares of the company’s stock valued at $15,731,000 after buying an additional 57,913 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HOG. UBS Group boosted their target price on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Citigroup boosted their price target 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. Finally, Robert W. Baird raised their price objective on Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.00.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $39.37 on Monday. The firm has a fifty day simple moving average of $36.95 and a two-hundred day simple moving average of $36.76. Harley-Davidson, Inc. has a 52 week low of $25.43 and a 52 week high of $44.16. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $5.30 billion, a P/E ratio of 8.75, a PEG ratio of 1.41 and a beta of 1.44.

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

Harley-Davidson announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 19.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Harley-Davidson Dividend Announcement

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

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.