BlueMountain Capital Management LLC Invests $3.06 Million in Harley-Davidson, Inc. (HOG)

BlueMountain Capital Management LLC bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 56,618 shares of the company’s stock, valued at approximately $3,059,000.

Other large investors have also recently modified their holdings of the company. Wayne Hummer Investments L.L.C. acquired a new position in shares of Harley-Davidson during the first quarter worth approximately $200,000. Independent Advisor Alliance raised its position in shares of Harley-Davidson by 491.5% during the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after purchasing an additional 2,772 shares during the period. Northside Capital Management LLC acquired a new position in shares of Harley-Davidson during the first quarter worth approximately $218,000. Pacer Advisors Inc. raised its position in shares of Harley-Davidson by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock worth $224,000 after purchasing an additional 117 shares during the period. Finally, Geneva Advisors LLC raised its position in shares of Harley-Davidson by 5.4% during the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after purchasing an additional 200 shares during the period. 91.06% of the stock is currently owned by institutional investors.

Shares of Harley-Davidson, Inc. (HOG) opened at 48.01 on Friday. The company’s 50-day moving average price is $47.59 and its 200-day moving average price is $53.75. The stock has a market cap of $8.37 billion, a PE ratio of 14.06 and a beta of 0.86. Harley-Davidson, Inc. has a one year low of $45.53 and a one year high of $63.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. Harley-Davidson’s revenue was down 5.6% compared to the same quarter last year. Equities research analysts anticipate that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, September 11th. Harley-Davidson’s payout ratio is currently 42.44%.

A number of equities analysts have recently weighed in on the company. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 4th. UBS AG reaffirmed a “neutral” rating and set a $57.00 target price on shares of Harley-Davidson in a research report on Monday, June 26th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Finally, Aegis assumed coverage on Harley-Davidson in a research report on Monday, August 28th. They set a “hold” rating and a $49.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $53.94.

In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the sale, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

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Harley-Davidson Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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