Headlands Technologies LLC Acquires New Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Headlands Technologies LLC acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,952 shares of the company’s stock, valued at approximately $72,000.

A number of other large investors have also added to or reduced their stakes in the business. Jupiter Asset Management Ltd. raised its holdings in Harley-Davidson by 0.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 5,355,504 shares of the company’s stock valued at $177,053,000 after buying an additional 22,595 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Harley-Davidson by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock valued at $48,330,000 after buying an additional 12,332 shares during the last quarter. Brown Advisory Inc. increased its position in Harley-Davidson by 2.7% during the 3rd quarter. Brown Advisory Inc. now owns 1,288,649 shares of the company’s stock valued at $42,603,000 after purchasing an additional 33,760 shares during the period. Charles Schwab Investment Management Inc. increased its position in Harley-Davidson by 47.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock valued at $41,955,000 after purchasing an additional 410,648 shares during the period. Finally, JS Capital Management LLC increased its position in Harley-Davidson by 43.9% during the 3rd quarter. JS Capital Management LLC now owns 892,000 shares of the company’s stock valued at $29,490,000 after purchasing an additional 272,000 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $34.38 on Wednesday. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. 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 1.54 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $39.76 and a 200-day moving average of $35.02.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.24. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. On average, equities analysts forecast that Harley-Davidson, Inc. will post 4.52 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a $0.1725 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, March 1st. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.33%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HOG. Morgan Stanley began coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 target price for the company. DA Davidson increased their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. BMO Capital Markets decreased their target price on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. UBS Group increased their target price on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, Bank of America raised their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Harley-Davidson currently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

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.