Harley-Davidson, Inc. $HOG Shares Bought by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 185.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 57,912 shares of the company’s stock after acquiring an additional 37,601 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Harley-Davidson were worth $1,367,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. raised its stake in Harley-Davidson by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock worth $52,000 after acquiring an additional 892 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Harley-Davidson by 153.8% during 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 in the last quarter. State of Wyoming acquired a new stake in shares of Harley-Davidson during the first quarter worth about $54,000. Hilltop National Bank purchased a new stake in shares of Harley-Davidson in the 2nd quarter valued at about $65,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Harley-Davidson by 37.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,900 shares of the company’s stock valued at $68,000 after purchasing an additional 790 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Down 1.6%

Shares of Harley-Davidson stock opened at $23.35 on Monday. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $34.09. The company has a market cap of $2.76 billion, a P/E ratio of 5.67, a PEG ratio of 0.31 and a beta of 1.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.36 and a current ratio of 2.51. The firm has a fifty day moving average of $25.83 and a two-hundred day moving average of $25.94.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share for the quarter, beating the consensus estimate of $1.38 by $1.72. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a net margin of 11.37% and a return on equity of 15.19%. On average, analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 9th. This represents a $0.72 annualized dividend and a yield of 3.1%. Harley-Davidson’s payout ratio is presently 17.48%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group cut their price target on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. DA Davidson decreased their price target on shares of Harley-Davidson from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Loop Capital started coverage on shares of Harley-Davidson in a research report on Tuesday, November 25th. They set a “hold” rating and a $21.00 price objective on the stock. Finally, Morgan Stanley reduced their target price on shares of Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.88.

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.