Cerity Partners LLC Acquires 1,729 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Cerity Partners LLC increased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,492 shares of the company’s stock after acquiring an additional 1,729 shares during the quarter. Cerity Partners LLC’s holdings in Harley-Davidson were worth $497,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Impax Asset Management Group plc grew its stake in Harley-Davidson by 76.8% during the fourth quarter. Impax Asset Management Group plc now owns 21,183 shares of the company’s stock worth $780,000 after buying an additional 9,200 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in Harley-Davidson by 2.4% during the fourth quarter. 180 Wealth Advisors LLC now owns 19,716 shares of the company’s stock worth $715,000 after buying an additional 466 shares in the last quarter. Leavell Investment Management Inc. acquired a new stake in Harley-Davidson during the fourth quarter worth about $202,000. JB Capital LLC acquired a new stake in Harley-Davidson during the fourth quarter worth about $280,000. Finally, Pacer Advisors Inc. grew its stake in Harley-Davidson by 76.1% during the fourth quarter. Pacer Advisors Inc. now owns 19,046 shares of the company’s stock worth $702,000 after buying an additional 8,233 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HOG has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Morgan Stanley began coverage on shares of Harley-Davidson in a research note on Tuesday. They issued an “overweight” rating and a $50.00 price target on the stock. Bank of America raised their price target on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. BMO Capital Markets raised their price target on shares of Harley-Davidson from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Finally, DA Davidson raised their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Harley-Davidson Stock Down 0.8 %

Harley-Davidson stock opened at $39.43 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53. Harley-Davidson, Inc. has a 52-week low of $25.43 and a 52-week high of $44.16. The firm has a 50 day moving average price of $39.97 and a two-hundred day moving average price of $34.91. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 2.57 and a beta of 1.43.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.14. The firm had revenue of $791.65 million during the quarter, compared to analyst estimates of $875.29 million. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. The company’s revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Equities analysts predict that Harley-Davidson, Inc. will post 4.19 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were paid a $0.1725 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 1.75%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is currently 14.32%.

About Harley-Davidson

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.