CW Advisors LLC Makes New Investment in Harley-Davidson, Inc. $HOG

Key Points

• CW Advisors LLC acquired 17,002 shares of Harley-Davidson, Inc., valued at approximately $430,000, indicating growing interest from institutional investors in the company.
• Harley-Davidson's stock is currently rated as "Hold" by most analysts, with an average price target of $30.86, following recent upgrades from several equity research firms.
• The company declared a quarterly dividend of $0.18 per share, which will be paid on September 24th, reflecting a 2.5% yield for investors.

CW Advisors LLC purchased a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,002 shares of the company's stock, valued at approximately $430,000.

A number of other large investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Harley-Davidson by 7.7% during the 1st quarter. American Century Companies Inc. now owns 3,766,421 shares of the company's stock worth $95,102,000 after purchasing an additional 269,842 shares during the period. Donald Smith & CO. Inc. boosted its stake in shares of Harley-Davidson by 104.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company's stock worth $86,095,000 after purchasing an additional 1,738,017 shares during the period. Brown Advisory Inc. boosted its stake in shares of Harley-Davidson by 4.8% during the 4th quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock worth $47,266,000 after purchasing an additional 71,495 shares during the period. Brickwood Asset Management LLP boosted its stake in shares of Harley-Davidson by 24.2% during the 1st quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock worth $28,918,000 after purchasing an additional 223,146 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Harley-Davidson by 20.1% during the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock worth $32,035,000 after purchasing an additional 177,748 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on HOG. DA Davidson boosted their price objective on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Robert W. Baird boosted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Griffin Securities set a $34.00 price objective on shares of Harley-Davidson in a research report on Monday, August 25th. Finally, UBS Group lowered their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $30.86.

Insider Activity at Harley-Davidson

In other news, Director Rafeh Masood acquired 2,068 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the purchase, the director directly owned 4,705 shares in the company, valued at $113,202.30. The trade was a 78.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.93% of the stock is currently owned by company insiders.

Harley-Davidson Stock Up 0.6%

Shares of NYSE HOG traded up $0.17 during trading hours on Tuesday, hitting $29.29. 1,484,933 shares of the stock were exchanged, compared to its average volume of 1,786,071. 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 company has a market cap of $3.56 billion, a PE ratio of 15.17, a PEG ratio of 0.41 and a beta of 1.31. The firm has a fifty day moving average price of $25.53 and a 200-day moving average price of $24.76. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The company's revenue was down 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 EPS. On average, sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 10th. Harley-Davidson's payout ratio is 37.31%.

Harley-Davidson 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.