Caxton Associates LLP Acquires New Holdings in Harley-Davidson, Inc. $HOG

Key Points

• Caxton Associates LLP invested approximately $1.58 million in Harley-Davidson, acquiring 62,440 shares, representing about 0.05% ownership of the company.
• Several institutional investors, including Ameriprise Financial and Baird Financial, increased their stakes in Harley-Davidson during the fourth quarter, contributing to a total institutional ownership of 85.10%.
• Analysts have set a mixed outlook for Harley-Davidson, with target prices ranging from $27.00 to $34.00, and an average target price of $30.86, with the stock currently rated as "Hold" by most.

Caxton Associates LLP bought a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 62,440 shares of the company's stock, valued at approximately $1,577,000. Caxton Associates LLP owned 0.05% of Harley-Davidson at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in shares of Harley-Davidson by 9,485.0% in the 1st quarter. Jones Financial Companies Lllp now owns 302,503 shares of the company's stock valued at $7,638,000 after acquiring an additional 299,347 shares during the period. Millennium Management LLC acquired a new position in shares of Harley-Davidson in the 1st quarter valued at $33,884,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Harley-Davidson by 62.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company's stock valued at $2,183,000 after acquiring an additional 33,097 shares during the period. State of Wyoming acquired a new position in shares of Harley-Davidson in the 1st quarter valued at $54,000. Finally, Redwood Investment Management LLC increased its holdings in shares of Harley-Davidson by 19.5% in the 1st quarter. Redwood Investment Management LLC now owns 146,132 shares of the company's stock valued at $3,690,000 after acquiring an additional 23,805 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on HOG. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 price objective on shares of Harley-Davidson in a research note on Monday, August 25th. 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 note on Monday, August 25th. Citigroup boosted their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, UBS Group dropped their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $30.86.

Insider Buying and Selling at Harley-Davidson

In related news, Director Rafeh Masood purchased 2,068 shares of the 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 purchase, the director directly owned 4,705 shares in the company, valued at $113,202.30. This trade represents a 78.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.93% of the stock is currently owned by company insiders.

Harley-Davidson Price Performance

Shares of NYSE:HOG traded down $0.76 on Friday, reaching $29.94. 1,383,713 shares of the company were exchanged, compared to its average volume of 1,602,221. 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 1-year low of $20.45 and a 1-year high of $39.93. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.31. The company has a 50-day moving average of $26.46 and a 200-day moving average of $24.98.

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

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.4%. Harley-Davidson's dividend payout ratio is 37.31%.

Harley-Davidson Company 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.