17,002 Shares in Harley-Davidson, Inc. $HOG Acquired by CW Advisors LLC

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

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after acquiring an additional 949 shares during the last quarter. Assetmark Inc. lifted its stake in Harley-Davidson by 209.7% in the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after acquiring an additional 713 shares during the last quarter. CX Institutional acquired a new stake in Harley-Davidson in the first quarter valued at approximately $28,000. Financial Harvest LLC acquired a new stake in Harley-Davidson in the first quarter valued at approximately $30,000. Finally, UMB Bank n.a. lifted its stake in Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after acquiring an additional 791 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HOG shares. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday. Robert W. Baird lifted their price target 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. Citigroup lifted their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a research report on Monday. Finally, DA Davidson lifted their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Harley-Davidson currently has an average rating of "Hold" and an average price target of $30.86.

Harley-Davidson Trading Up 1.7%

Shares of Harley-Davidson stock opened at $29.20 on Thursday. The firm has a market capitalization of $3.55 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.43 and a beta of 1.29. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The company's fifty day moving average price is $25.07 and its two-hundred day moving average price is $24.68. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93.

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

Harley-Davidson Announces Dividend

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

Insider Transactions at Harley-Davidson

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

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.

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