Ethic Inc. Raises Stock Position in Harley-Davidson, Inc. $HOG

Ethic Inc. grew its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 135.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,307 shares of the company’s stock after acquiring an additional 15,128 shares during the period. Ethic Inc.’s holdings in Harley-Davidson were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HOG. Assetmark Inc. raised its stake in Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the period. Financial Harvest LLC bought a new position in Harley-Davidson in the 1st quarter worth approximately $30,000. UMB Bank n.a. grew its holdings in Harley-Davidson by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock valued at $52,000 after buying an additional 892 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Harley-Davidson by 52.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock valued at $53,000 after buying an additional 725 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after buying an additional 1,278 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

NYSE:HOG opened at $26.97 on Tuesday. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The business has a 50 day simple moving average of $28.39 and a 200-day simple moving average of $25.64. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $35.21.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.11). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. Equities analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.72 annualized dividend and a dividend yield of 2.7%. Harley-Davidson’s dividend payout ratio is currently 37.31%.

Insider Activity

In other news, Director Rafeh Masood purchased 2,068 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of $24.06 per share, with a total value of $49,756.08. Following the purchase, the director owned 4,705 shares in the company, valued at approximately $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HOG shares. UBS Group raised their target price on shares of Harley-Davidson from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. DA Davidson raised their price objective on Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Griffin Securities set a $34.00 price target on Harley-Davidson in a research note on Monday, August 25th. Finally, Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $30.14.

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.