Boston Partners Decreases Stake in Harley-Davidson, Inc. $HOG

Boston Partners reduced its stake in Harley-Davidson, Inc. (NYSE:HOG) by 37.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,936,562 shares of the company’s stock after selling 2,361,920 shares during the quarter. Boston Partners owned 3.24% of Harley-Davidson worth $92,909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Harley-Davidson by 209.7% in the first quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after purchasing an additional 713 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Harley-Davidson by 153.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares during the period. State of Wyoming purchased a new stake in shares of Harley-Davidson in the first quarter worth $54,000. UMB Bank n.a. boosted its stake in Harley-Davidson by 68.3% during the second 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 during the period. Finally, Hilltop National Bank bought a new stake in Harley-Davidson during the second quarter valued at $65,000. 85.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HOG. UBS Group decreased their target price on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. DA Davidson lowered their target price on shares of Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Morgan Stanley cut their price target on shares of Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, November 19th. Loop Capital started coverage on shares of Harley-Davidson in a report on Tuesday. They issued a “hold” rating and a $21.00 price target on the stock. Finally, Zacks Research downgraded shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.88.

Harley-Davidson Stock Up 0.9%

Shares of NYSE HOG opened at $24.42 on Thursday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 12.65, a PEG ratio of 0.40 and a beta of 1.39. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $34.37. The firm’s 50 day simple moving average is $26.48 and its two-hundred day simple moving average is $25.98. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $1.72. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.01 billion. As a group, analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Tuesday, December 9th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $0.72 annualized dividend and a dividend yield of 2.9%. Harley-Davidson’s payout ratio is currently 17.48%.

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.