Edgestream Partners L.P. Has $6.97 Million Stock Position in Harley-Davidson, Inc. $HOG

Edgestream Partners L.P. lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 112.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,310 shares of the company’s stock after purchasing an additional 156,163 shares during the quarter. Edgestream Partners L.P. owned about 0.24% of Harley-Davidson worth $6,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HOG. Panagora Asset Management Inc. boosted its holdings in Harley-Davidson by 19.6% in the second quarter. Panagora Asset Management Inc. now owns 9,758 shares of the company’s stock worth $230,000 after acquiring an additional 1,596 shares in the last quarter. Norges Bank acquired a new position in shares of Harley-Davidson during the second quarter worth approximately $21,607,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Harley-Davidson by 27.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,310 shares of the company’s stock worth $220,000 after purchasing an additional 2,007 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Harley-Davidson by 0.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 148,772 shares of the company’s stock valued at $3,511,000 after purchasing an additional 1,260 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in Harley-Davidson during the 2nd quarter valued at $589,000. 85.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HOG has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, November 19th. Loop Capital began coverage on Harley-Davidson in a research note on Tuesday, November 25th. They set a “hold” rating and a $21.00 price target for the company. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, DA Davidson cut their target price on Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.88.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $24.10 on Tuesday. The company has a market capitalization of $2.85 billion, a PE ratio of 12.49, a PEG ratio of 0.40 and a beta of 1.39. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. The stock’s 50 day moving average price is $26.21 and its 200-day moving average price is $25.97. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $34.37.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $1.72. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Tuesday, December 9th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, December 9th. Harley-Davidson’s dividend payout ratio (DPR) is 17.48%.

Harley-Davidson Company Profile

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.