First Trust Advisors LP Increases Holdings in Harley-Davidson Inc (NYSE:HOG)

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First Trust Advisors LP grew its holdings in Harley-Davidson Inc (NYSE:HOG) by 70.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 383,500 shares of the company’s stock after acquiring an additional 159,071 shares during the period. First Trust Advisors LP owned about 0.25% of Harley-Davidson worth $9,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of Harley-Davidson by 17.5% in the first quarter. Rhumbline Advisers now owns 313,956 shares of the company’s stock valued at $5,943,000 after acquiring an additional 46,758 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Harley-Davidson by 22.0% in the first quarter. The Manufacturers Life Insurance Company now owns 156,590 shares of the company’s stock worth $2,964,000 after purchasing an additional 28,263 shares during the last quarter. State Street Corp increased its holdings in shares of Harley-Davidson by 0.4% in the first quarter. State Street Corp now owns 7,629,911 shares of the company’s stock worth $144,434,000 after purchasing an additional 27,343 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Harley-Davidson by 84.3% in the first quarter. Royal Bank of Canada now owns 77,590 shares of the company’s stock worth $1,470,000 after purchasing an additional 35,501 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Harley-Davidson by 1.4% in the fourth quarter. Macquarie Group Ltd. now owns 74,278 shares of the company’s stock worth $2,762,000 after purchasing an additional 1,007 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Shares of NYSE:HOG opened at $26.03 on Friday. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.46 and a quick ratio of 0.95. The firm has a market capitalization of $4.08 billion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 4.78 and a beta of 1.44. The business has a 50 day simple moving average of $25.85 and a two-hundred day simple moving average of $25.74. Harley-Davidson Inc has a 1 year low of $14.31 and a 1 year high of $40.89.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.47). The firm had revenue of $669.27 million during the quarter, compared to analysts’ expectations of $763.47 million. Harley-Davidson had a net margin of 1.72% and a return on equity of 9.55%. The firm’s revenue for the quarter was down 53.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. Equities research analysts expect that Harley-Davidson Inc will post 0.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.31%. Harley-Davidson’s payout ratio is 2.38%.

HOG has been the topic of several research reports. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, May 5th. Stifel Nicolaus lifted their target price on Harley-Davidson from $20.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday. William Blair reissued a “hold” rating on shares of Harley-Davidson in a research note on Thursday, April 23rd. Morgan Stanley boosted their price objective on Harley-Davidson from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Cfra reduced their price objective on Harley-Davidson from $32.00 to $20.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.93.

In other news, Chairman Jochen Zeitz purchased 97,850 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $21.26 per share, for a total transaction of $2,080,291.00. Following the completion of the acquisition, the chairman now owns 97,850 shares of the company’s stock, valued at $2,080,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Harley-Davidson Profile

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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