Xponance Inc. Sells 317 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Xponance Inc. trimmed its stake in Harley-Davidson, Inc. (NYSE:HOG) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,330 shares of the company’s stock after selling 317 shares during the quarter. Xponance Inc.’s holdings in Harley-Davidson were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOG. Jupiter Asset Management Ltd. increased its holdings in Harley-Davidson by 0.4% during the third quarter. Jupiter Asset Management Ltd. now owns 5,355,504 shares of the company’s stock worth $177,053,000 after buying an additional 22,595 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 12,332 shares during the last quarter. Brown Advisory Inc. grew its holdings in Harley-Davidson by 2.7% during the third quarter. Brown Advisory Inc. now owns 1,288,649 shares of the company’s stock worth $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 third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock worth $41,955,000 after buying an additional 410,648 shares during the last quarter. Finally, JS Capital Management LLC raised its stake in Harley-Davidson by 43.9% in the third quarter. JS Capital Management LLC now owns 892,000 shares of the company’s stock valued at $29,490,000 after buying an additional 272,000 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

HOG opened at $34.75 on Friday. Harley-Davidson, Inc. has a 1-year low of $25.43 and a 1-year high of $44.16. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 2.56 and a beta of 1.43. The company’s fifty day moving average price is $39.81 and its two-hundred day moving average price is $34.93. The company has a current ratio of 1.53, a quick ratio of 1.25 and a debt-to-equity ratio of 1.53.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data 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. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. On average, analysts expect that Harley-Davidson, Inc. will post 4.24 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were given a $0.1725 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 annualized dividend and a yield of 1.99%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is presently 14.32%.

Analyst Ratings Changes

A number of equities analysts have commented on HOG shares. Morgan Stanley initiated coverage on shares of Harley-Davidson in a research report on Tuesday. They set an “overweight” rating and a $50.00 price objective for the company. DA Davidson increased their price objective on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Citigroup lifted their price target on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. BMO Capital Markets dropped their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Bank of America lifted their price target on Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson has a consensus rating of “Moderate Buy” and a consensus price target 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.