Engineers Gate Manager LP Boosts Stock Position in Harley-Davidson, Inc. $HOG

Engineers Gate Manager LP lifted its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 294.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,046 shares of the company’s stock after buying an additional 73,946 shares during the quarter. Engineers Gate Manager LP’s holdings in Harley-Davidson were worth $2,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aberdeen Wealth Management LLC acquired a new stake in Harley-Davidson in the 2nd quarter valued at $29,000. Pinnacle Holdings LLC purchased a new stake in Harley-Davidson in the 2nd quarter worth $36,000. Versant Capital Management Inc raised its position in Harley-Davidson by 858.2% during the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after acquiring an additional 1,459 shares during the period. Johnson Financial Group Inc. acquired a new position in Harley-Davidson during the second quarter worth $59,000. Finally, Bessemer Group Inc. lifted its holdings in Harley-Davidson by 1,758.9% during the first quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock valued at $59,000 after purchasing an additional 2,779 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, CAO Gayle Littleton bought 7,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $26.38 per share, with a total value of $197,850.00. Following the purchase, the chief accounting officer directly owned 7,500 shares of the company’s stock, valued at $197,850. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total value of $42,672.84. Following the transaction, the chief financial officer owned 26,292 shares in the company, valued at approximately $721,978.32. This represents a 5.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders purchased 57,500 shares of company stock worth $1,439,550 and sold 4,662 shares worth $119,316. Corporate insiders own 0.97% of the company’s stock.

Harley-Davidson Trading Down 0.7%

Shares of HOG stock opened at $27.68 on Tuesday. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The stock’s fifty day moving average is $26.72 and its two-hundred day moving average is $24.02. The firm has a market capitalization of $2.88 billion, a P/E ratio of 16.98, a PEG ratio of 9.16 and a beta of 1.29.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Research analysts expect that Harley-Davidson, Inc. will post 0.56 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1875 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. Harley-Davidson’s payout ratio is presently 46.01%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HOG shares. Weiss Ratings upgraded shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Morgan Stanley upped their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. UBS Group upped their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Griffin Securities set a $33.00 price target on shares of Harley-Davidson in a research note on Monday, August 17th. Finally, Robert W. Baird lifted their price objective on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.44.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a Milwaukee, Wisconsin-based motorcycle company founded in 1903. Through its Harley-Davidson Motor Company business, it designs, manufactures and sells heavyweight motorcycles known for their touring, cruiser and performance-oriented models. The company also markets motorcycle parts, accessories, riding gear, apparel and branded merchandise.

Harley-Davidson sells its products through a network of independently owned dealerships and other distribution channels in North America and international markets, including Europe, the Middle East, Africa, Asia-Pacific and Latin America.