Harley-Davidson Inc (HOG) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,209 shares of the company’s stock after buying an additional 21,389 shares during the period. First Trust Advisors LP owned 0.10% of Harley-Davidson worth $ 10,721,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. raised its position in 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 acquired a new position in Harley-Davidson during the first quarter worth $ 201,000. Cpcm LLC acquired a new position in Harley-Davidson during the fourth quarter worth $ 203,000. Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter worth $ 204,000. Finally, KLCM Advisors Inc. acquired a new position in Harley-Davidson during the third quarter worth $ 210,000. 89.54% of the stock is owned by institutional investors and hedge funds.

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

Harley-Davidson Inc (NYSE:HOG) traded up 1.12% during mid-day trading on Monday, hitting $ 53.21. The stock had a trading volume of 555,033 shares. The firm’s 50-day moving average price is $ 57.32 and its 200 day moving average price is $ 58.46. The company has a market cap of $ 9.37 billion, a PE ratio of 15.17 and a beta of 0.88. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the prior year, the company earned $ 1.36 EPS. Harley-Davidson’s revenue was down 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Harley-Davidson Inc will post $ 3.76 EPS for the current year.

The company also recently announced 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. This represents a $ 1.46 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.

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HOG has been the subject of a number of recent research reports. Royal Bank of Canada cut their target price on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating for the company in a report on Wednesday, February 1st. Goldman Sachs Group Inc reissued a “neutral” rating and issued a $ 55.00 target price (down from $ 57.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Barclays PLC reissued an “underweight” rating and issued a $ 53.00 target price (up from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Morgan Stanley reissued an “overweight” rating and issued a $ 59.00 target price (down from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Finally, Argus reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $ 56.12.

About Harley-Davidson

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.

12 Month 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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