Roble Belko & Company Inc Purchases New Shares in Harley-Davidson, Inc. (NYSE:HOG)

Roble Belko & Company Inc acquired a new stake in shares of Harley-Davidson, Inc. (NYSE:HOGFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,000 shares of the company’s stock, valued at approximately $350,000.

A number of other large investors have also recently added to or reduced their stakes in HOG. HighTower Advisors LLC boosted its stake in Harley-Davidson by 9.8% during the 3rd quarter. HighTower Advisors LLC now owns 9,904 shares of the company’s stock valued at $330,000 after acquiring an additional 882 shares during the last quarter. Citigroup Inc. boosted its stake in Harley-Davidson by 25.5% during the 3rd quarter. Citigroup Inc. now owns 27,957 shares of the company’s stock valued at $924,000 after acquiring an additional 5,673 shares during the last quarter. Aigen Investment Management LP boosted its stake in Harley-Davidson by 116.1% during the 3rd quarter. Aigen Investment Management LP now owns 15,009 shares of the company’s stock valued at $496,000 after acquiring an additional 8,063 shares during the last quarter. Brandywine Global Investment Management LLC boosted its stake in Harley-Davidson by 83.3% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 54,696 shares of the company’s stock valued at $1,808,000 after acquiring an additional 24,856 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Harley-Davidson by 5.2% during the 3rd quarter. Algert Global LLC now owns 304,155 shares of the company’s stock valued at $10,055,000 after acquiring an additional 14,980 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOG. Citigroup reduced their price target on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. BMO Capital Markets reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Morgan Stanley began coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target on the stock. DA Davidson raised their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Bank of America raised their price target on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Check Out Our Latest Analysis on Harley-Davidson

Harley-Davidson Price Performance

Harley-Davidson stock traded up $0.42 during trading hours on Friday, hitting $33.67. 2,696,532 shares of the company traded hands, compared to its average volume of 1,315,609. The firm has a market cap of $4.53 billion, a P/E ratio of 7.48, a P/E/G ratio of 1.08 and a beta of 1.47. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50. The firm’s 50-day simple moving average is $35.37 and its two-hundred day simple moving average is $36.53. Harley-Davidson, Inc. has a 1-year low of $25.43 and a 1-year high of $44.16.

Harley-Davidson (NYSE:HOGGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.48 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. As a group, analysts forecast that Harley-Davidson, Inc. will post 4.48 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Wednesday, June 5th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.69 annualized dividend and a dividend yield of 2.05%. Harley-Davidson’s dividend payout ratio is currently 15.33%.

Harley-Davidson Company Profile

(Free Report)

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.

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

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