Alaska Permanent Fund Corp Has $2.57 Million Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Alaska Permanent Fund Corp raised its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,842 shares of the company’s stock after buying an additional 742 shares during the quarter. Alaska Permanent Fund Corp owned about 0.05% of Harley-Davidson worth $2,573,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HOG. BKM Wealth Management LLC acquired a new position in shares of Harley-Davidson in the fourth quarter valued at $36,000. Lindbrook Capital LLC raised its stake in shares of Harley-Davidson by 66.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock valued at $39,000 after purchasing an additional 423 shares in the last quarter. Signaturefd LLC raised its stake in shares of Harley-Davidson by 115.0% in the fourth quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock valued at $42,000 after purchasing an additional 615 shares in the last quarter. Headinvest LLC acquired a new position in shares of Harley-Davidson in the third quarter valued at $52,000. Finally, National Bank of Canada FI raised its stake in shares of Harley-Davidson by 30.3% in the third quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock valued at $54,000 after purchasing an additional 391 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on HOG shares. BMO Capital Markets upped their target price on Harley-Davidson from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. UBS Group upped their target price on Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. DA Davidson increased their price objective on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Citigroup increased their price objective on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Finally, Morgan Stanley started coverage on Harley-Davidson in a research note on Tuesday. They set an “overweight” rating and a $50.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Harley-Davidson Price Performance

Shares of NYSE:HOG traded down $4.48 during midday trading on Thursday, reaching $34.96. The company’s stock had a trading volume of 2,638,819 shares, compared to its average volume of 1,665,366. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The company has a market capitalization of $4.70 billion, a P/E ratio of 6.84, a P/E/G ratio of 2.61 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25. The business’s fifty day simple moving average is $39.97 and its 200-day simple moving average is $34.91.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. The company had revenue of $791.65 million for the quarter, compared to analyst estimates of $875.29 million. During the same period in the prior year, the business earned $0.28 earnings per share. Harley-Davidson’s quarterly revenue was down 13.8% on a year-over-year basis. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 4.19 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a $0.1725 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, March 1st. Harley-Davidson’s dividend payout ratio is currently 14.32%.

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.