Neuburgh Advisers LLC Increases Position in Harley-Davidson Inc (HOG)

Neuburgh Advisers LLC increased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 166.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,580 shares of the company’s stock after buying an additional 39,678 shares during the period. Neuburgh Advisers LLC’s holdings in Harley-Davidson were worth $ 3,847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOG. NN Investment Partners Holdings N.V. raised its position in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock worth $ 178,000 after buying an additional 1,853 shares during the period. Stokes & Hubbell Capital Management LLC bought a new position in shares of Harley-Davidson during the first quarter worth approximately $ 201,000. Cpcm LLC bought a new position in shares of Harley-Davidson during the fourth quarter worth approximately $ 203,000. Putnam Investments LLC bought a new position in shares of Harley-Davidson during the fourth quarter worth approximately $ 204,000. Finally, KLCM Advisors Inc. bought a new position in shares of Harley-Davidson during the third quarter worth approximately $ 210,000. Institutional investors and hedge funds own 89.54% of the company’s stock.

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

Shares of Harley-Davidson Inc (NYSE:HOG) traded down 2.07% during mid-day trading on Wednesday, hitting $ 52.99. 1,934,603 shares of the stock were exchanged. The stock has a market capitalization of $ 9.33 billion, a price-to-earnings ratio of 15.11 and a beta of 0.88. The stock’s 50-day moving average is $ 58.01 and its 200-day moving average is $ 58.57. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $ 1.36 earnings per share. Analysts forecast that Harley-Davidson Inc will post $ 3.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.76%. Harley-Davidson’s dividend payout ratio is currently 38.22%.

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A number of research analysts recently commented on the stock. UBS Group AG reiterated a “neutral” rating and issued a $ 57.00 price target on shares of Harley-Davidson in a research note on Monday, April 17th. Morgan Stanley reiterated an “overweight” rating and issued a $ 59.00 price target (down previously from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Barclays PLC reiterated an “equal weight” rating and issued a $ 52.00 price target (down previously from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Finally, Wedbush increased their target price on shares of Harley-Davidson from $ 53.00 to $ 55.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $ 56.12.

Harley-Davidson Company 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.

5 Day Chart for NYSE:HOG

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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