Pinebridge Investments L.P. Boosts Position in Harley-Davidson, Inc. (HOG)

Pinebridge Investments L.P. lifted its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 55.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,787 shares of the company’s stock after acquiring an additional 47,757 shares during the period. Pinebridge Investments L.P. owned about 0.08% of Harley-Davidson worth $7,227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HOG. Independent Advisor Alliance raised its position in shares of Harley-Davidson by 491.5% during the 1st quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after acquiring an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. bought a new position in Harley-Davidson during the 1st quarter worth $200,000. Geneva Advisors LLC grew its stake in Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after buying an additional 200 shares during the last quarter. Northside Capital Management LLC bought a new position in Harley-Davidson during the 1st quarter worth $218,000. Finally, Wedbush Securities Inc. grew its stake in Harley-Davidson by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after buying an additional 700 shares during the last quarter. 91.04% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

HOG has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $51.00 price objective (down from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. Aegis initiated coverage on Harley-Davidson in a research note on Monday, August 28th. They set a “hold” rating and a $49.00 price objective for the company. Jefferies Group LLC restated a “hold” rating and set a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. Finally, Barclays PLC lowered their price objective on Harley-Davidson from $52.00 to $45.00 and set an “underperform” rating for the company in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $53.94.

Shares of Harley-Davidson, Inc. (NYSE HOG) traded up 0.66% during midday trading on Wednesday, hitting $48.46. The stock had a trading volume of 172,078 shares. Harley-Davidson, Inc. has a one year low of $45.53 and a one year high of $63.40. The firm has a market capitalization of $8.45 billion, a PE ratio of 14.19 and a beta of 0.86. The firm’s 50-day moving average price is $47.57 and its 200-day moving average price is $53.55.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be paid a dividend of $0.365 per share. The ex-dividend date is Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.03%. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.44%.

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Harley-Davidson Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, 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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