American Century Companies Inc. Increases Position in Harley-Davidson, Inc. $HOG

Key Points

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American Century Companies Inc. lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,766,421 shares of the company's stock after acquiring an additional 269,842 shares during the quarter. American Century Companies Inc. owned approximately 3.10% of Harley-Davidson worth $95,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HOG. Invesco Ltd. increased its position in shares of Harley-Davidson by 12.6% during the fourth quarter. Invesco Ltd. now owns 707,030 shares of the company's stock worth $21,303,000 after acquiring an additional 79,374 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Harley-Davidson during the fourth quarter worth approximately $18,802,000. Sterling Capital Management LLC increased its position in shares of Harley-Davidson by 57.6% during the fourth quarter. Sterling Capital Management LLC now owns 7,273 shares of the company's stock worth $219,000 after acquiring an additional 2,659 shares during the period. Guggenheim Capital LLC increased its holdings in Harley-Davidson by 29.1% during the fourth quarter. Guggenheim Capital LLC now owns 10,127 shares of the company's stock valued at $305,000 after buying an additional 2,285 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Harley-Davidson by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock worth $205,940,000 after buying an additional 332,928 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HOG. Citigroup boosted their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Robert W. Baird boosted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, UBS Group reduced 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 note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $29.83.

Harley-Davidson Stock Up 5.9%

Shares of HOG stock traded up $1.5980 during trading hours on Friday, reaching $28.6580. 1,359,018 shares of the company's stock were exchanged, compared to its average volume of 2,224,716. The stock's 50 day moving average is $24.67 and its 200-day moving average is $24.62. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 0.44 and a beta of 1.29. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93.

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

Insider Activity

In other Harley-Davidson news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $24.06 per share, with a total value of $49,756.08. Following the completion of the transaction, the director owned 4,705 shares in the company, valued at approximately $113,202.30. This trade represents a 78.42% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.93% of the company's stock.

About Harley-Davidson

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.