D.A. Davidson & CO. Takes $219,000 Position in Harley-Davidson Inc (HOG)
D.A. Davidson & CO. bought a new position in Harley-Davidson Inc (NYSE:HOG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,838 shares of the company’s stock, valued at approximately $219,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new stake in shares of Harley-Davidson in the 2nd quarter worth about $25,227,000. Brown Advisory Inc. increased its position in shares of Harley-Davidson by 24.0% in the 2nd quarter. Brown Advisory Inc. now owns 209,930 shares of the company’s stock worth $8,834,000 after purchasing an additional 40,686 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Harley-Davidson in the 2nd quarter worth about $13,555,000. LSV Asset Management increased its position in shares of Harley-Davidson by 2.9% in the 2nd quarter. LSV Asset Management now owns 4,011,589 shares of the company’s stock worth $168,807,000 after purchasing an additional 114,357 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Harley-Davidson in the 3rd quarter worth about $357,000. 88.35% of the stock is owned by institutional investors.
NYSE HOG opened at $38.25 on Friday. Harley-Davidson Inc has a one year low of $35.76 and a one year high of $56.50. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $6.82 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 13th. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.29%.
HOG has been the subject of several research reports. DA Davidson reaffirmed a “sell” rating on shares of Harley-Davidson in a report on Tuesday, August 14th. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Wolfe Research initiated coverage on shares of Harley-Davidson in a report on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 price target for the company. Wedbush decreased their price target on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 4th. Finally, Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $44.38.
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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.
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