SG Americas Securities LLC Increases Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

SG Americas Securities LLC raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 52.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,503 shares of the company’s stock after buying an additional 4,967 shares during the quarter. SG Americas Securities LLC’s holdings in Harley-Davidson were worth $531,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. lifted its position in Harley-Davidson by 2,693.8% during the second quarter. Prudential Financial Inc. now owns 628,782 shares of the company’s stock valued at $28,811,000 after buying an additional 606,276 shares during the period. Virginia Retirement Systems ET AL lifted its position in Harley-Davidson by 3.3% during the second quarter. Virginia Retirement Systems ET AL now owns 157,200 shares of the company’s stock valued at $7,203,000 after buying an additional 5,000 shares during the period. Sanders Morris Harris LLC purchased a new position in Harley-Davidson during the third quarter valued at $3,805,000. Principal Financial Group Inc. lifted its position in Harley-Davidson by 1.4% during the second quarter. Principal Financial Group Inc. now owns 534,580 shares of the company’s stock valued at $24,494,000 after buying an additional 7,457 shares during the period. Finally, Geode Capital Management LLC lifted its position in Harley-Davidson by 2.3% during the second quarter. Geode Capital Management LLC now owns 1,962,364 shares of the company’s stock valued at $89,915,000 after buying an additional 43,307 shares during the period. 89.86% of the stock is owned by institutional investors and hedge funds.

HOG has been the subject of several recent analyst reports. Zacks Investment Research lowered Harley-Davidson from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a research report on Tuesday, December 28th. Morgan Stanley lowered their price target on Harley-Davidson from $41.00 to $39.00 and set an “underweight” rating for the company in a research report on Tuesday, December 21st. BMO Capital Markets lifted their price target on Harley-Davidson from $54.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 28th. Finally, Royal Bank of Canada lowered their price target on Harley-Davidson from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Friday, October 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $51.05.

Shares of NYSE:HOG opened at $38.18 on Friday. Harley-Davidson, Inc. has a fifty-two week low of $31.20 and a fifty-two week high of $52.06. The business has a 50-day simple moving average of $37.68 and a two-hundred day simple moving average of $38.95. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.23 and a current ratio of 1.37. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.22 and a beta of 1.44.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Wednesday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.37. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Harley-Davidson had a return on equity of 28.90% and a net margin of 10.98%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. As a group, research analysts predict that Harley-Davidson, Inc. will post 3.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 23rd. Shareholders of record on Wednesday, December 8th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. Harley-Davidson’s dividend payout ratio is currently 17.49%.

Harley-Davidson Company Profile

Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser and touring motorcycles. It operates through the following segments: Motorcycles & Related Products; and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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