American Century Companies Inc. raised its position in Harley-Davidson Inc (NYSE:HOG) by 1,500.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 627,266 shares of the company’s stock after acquiring an additional 588,076 shares during the period. American Century Companies Inc. owned approximately 0.38% of Harley-Davidson worth $28,415,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Cadence Capital Management LLC boosted its position in Harley-Davidson by 44.2% in the third quarter. Cadence Capital Management LLC now owns 92,608 shares of the company’s stock worth $4,195,000 after purchasing an additional 28,386 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Harley-Davidson by 5.5% in the third quarter. Wells Fargo & Company MN now owns 400,010 shares of the company’s stock valued at $18,120,000 after buying an additional 20,809 shares during the period. Private Advisor Group LLC bought a new stake in shares of Harley-Davidson in the third quarter valued at $255,000. Chicago Equity Partners LLC bought a new stake in shares of Harley-Davidson in the third quarter valued at $321,000. Finally, Victory Capital Management Inc. raised its stake in shares of Harley-Davidson by 33.4% in the third quarter. Victory Capital Management Inc. now owns 275,115 shares of the company’s stock valued at $12,463,000 after buying an additional 68,878 shares during the period. 88.35% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HOG traded down $1.20 during midday trading on Friday, reaching $38.25. 2,973,579 shares of the company traded hands, compared to its average volume of 2,227,279. Harley-Davidson Inc has a 12 month low of $35.76 and a 12 month high of $56.50. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.95 and a current ratio of 1.08. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.27 and a beta of 1.09.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.25. Harley-Davidson had a return on equity of 33.57% and a net margin of 9.30%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. Equities analysts predict that Harley-Davidson Inc will post 3.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 13th. Harley-Davidson’s payout ratio is 42.29%.

Several analysts have issued reports on HOG shares. Argus lowered their target price on Harley-Davidson from $50.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Citigroup lowered their target price on Harley-Davidson from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Goldman Sachs Group set a $45.00 target price on Harley-Davidson and gave the company a “hold” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, ValuEngine upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.38.

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Harley-Davidson Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.

See Also: Debt-To-Equity Ratio

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

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