Barings LLC Has $1.33 Million Position in Harley-Davidson Inc (HOG)

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Barings LLC increased its stake in Harley-Davidson Inc (NYSE:HOG) by 199.8% in the first quarter, Holdings Channel reports. The institutional investor owned 37,210 shares of the company’s stock after acquiring an additional 24,800 shares during the period. Barings LLC’s holdings in Harley-Davidson were worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TD Capital Management LLC purchased a new position in shares of Harley-Davidson during the fourth quarter valued at $25,000. PRW Wealth Management LLC purchased a new position in shares of Harley-Davidson during the fourth quarter valued at $26,000. Signet Investment Advisory Group Inc. purchased a new position in shares of Harley-Davidson during the fourth quarter valued at $29,000. Machina Capital S.A.S. purchased a new position in shares of Harley-Davidson during the fourth quarter valued at $31,000. Finally, Doyle Wealth Management purchased a new position in shares of Harley-Davidson during the fourth quarter valued at $34,000. Institutional investors own 91.61% of the company’s stock.

Shares of NYSE HOG opened at $34.50 on Monday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.22 and a quick ratio of 1.05. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15. Harley-Davidson Inc has a fifty-two week low of $31.36 and a fifty-two week high of $46.79.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.12. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. Harley-Davidson’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. On average, equities analysts anticipate that Harley-Davidson Inc will post 3.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, May 29th. Harley-Davidson’s dividend payout ratio is currently 39.68%.

HOG has been the topic of several research reports. Zacks Investment Research lowered Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. William Blair restated a “market perform” rating on shares of Harley-Davidson in a research note on Tuesday, January 29th. Morgan Stanley dropped their price objective on Harley-Davidson from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Northcoast Research reaffirmed a “neutral” rating on shares of Harley-Davidson in a research report on Thursday, April 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 22nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.08.

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About Harley-Davidson

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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

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