Gateway Investment Advisers LLC increases stakes in Harley-Davidson, Inc. 09.30 NYSE: HOG


Gateway Investment Advisers LLC increased its stake in Harley-Davidson, Inc. (NYSE: HOG – Get Rating) by 8.5% in the first quarter, according to HoldingsChannel.com. The institutional investor owned 18,651 shares of the company’s shares after acquiring an additional 1,465 shares during the quarter. Gateway Investment Advisers LLC owned Harley-Davidson at $ 735,000 at the end of the last quarter.

A number of other institutional investors have also recently made changes to their positions at HOG. Brown Advisory Inc. raised its position at Harley-Davidson by 128.4% in the fourth quarter. Brown Advisory Inc. now owns 1,525,270 shares of the company’s stock worth $ 57,487,000 after buying an additional 857,340 shares in the last quarter. JPMorgan Chase & Co. raised its position at Harley-Davidson by 221.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,138,396 shares of the company’s stock worth $ 42,905,000 after buying an additional 784,439 shares in the last quarter. Eaton Vance Management increased its position in Harley-Davidson by 158.3% in the fourth quarter. Eaton Vance Management now owns 1,266,487 shares of the company’s stock worth $ 47,625,000 after buying an additional 776,225 shares in the last quarter. Dimensional Fund Advisors LP raised its position at Harley-Davidson by 11.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,003,170 shares of the company’s shares worth $ 113,188,000 after buying an additional 302,438 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position at Harley-Davidson by 157.7% in the first quarter. Pacer Advisors Inc. already owns 429,588 shares of the company’s stock worth $ 16,926,000 after buying an additional 262,892 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s shares.

Several research firms have published reports on HOG. BMO Capital Markets lowered its target price for Harley-Davidson from $ 62.00 to $ 57.00 and set a rating “superior” for the company in a research note on Thursday, April 28. Robert W. Baird lowered his target price for Harley-Davidson from $ 60.00 to $ 55.00 and set a rating “superior” for the company in a research note on Thursday, April 28. Northcoast Research reissued a “neutral” rating on Harley-Davidson shares in a research note on Tuesday, May 17. TheStreet raised Harley-Davidson’s rating from “c +” to “b” in a research note on Wednesday, April 27. Finally, StockNews.com began covering Harley-Davidson in a research note on Thursday, March 31st. They set a “retention” rating for the company. One research analyst rated the shares with a rating for sale, four gave a rating for retention and five gave a rating for the purchase of shares. Based on data from MarketBeat.com, the company has an average Hold rating and a consensus target price of $ 48.07.

Shares of NYSE HOG opened at $ 32.80 on Friday. Harley-Davidson, Inc. has the lowest value for twelve months of $ 29.80 and the highest for twelve months of $ 47.51. The company has a current ratio of 1.34, a fast ratio of 1.12 and a debt to equity ratio of 1.78. The stock has a 50-day simple moving average of $ 35.30 and a 200-day simple moving average of $ 37.19. The shares have a market capitalization of $ 4.83 billion, a PE ratio of 8.26, a PEG ratio of 0.85 and a beta ratio of 1.30.

Harley-Davidson (NYSE: HOG – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $ 1.45 earnings per share for the quarter, lacking analysts’ consensus estimates of $ 1.52 ($ 0.07). Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The company had revenue of $ 1.50 billion in the quarter, compared to analysts’ estimates of $ 1.33 billion. In the same period last year, the company reported $ 1.68 earnings per share. The company’s quarterly revenues increased by 5.1% compared to the same quarter last year. On average, stock analysts predict that Harley-Davidson, Inc. will report 4.18 earnings per share for the current year.

The business also recently announced a three-month dividend, which was paid on Friday (June 17th). The record investors on Thursday, June 2, received a dividend of $ 0.157 per share. The date of the former dividend was Wednesday, June 1. This represents a $ 0.63 annual dividend and a yield of 1.91%. Harley-Davidson’s payout ratio is 15.87%.

About Harley-Davidson (Get a rating)

Harley-Davidson, Inc. manufactures and sells motorcycles. The company operates in two segments, motorcycles and related products and financial services. The Motorcycles and Related Products segment designs, manufactures and sells Harley-Davidson motorcycles, including cruise, touring, standard, sports and dual models, as well as motorcycle parts, accessories, clothing and related services.

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Institutional ownership by quarter for Harley-Davidson (NYSE: HOG)



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