Nuveen LLC Invests $9.56 Million in Harley-Davidson, Inc. $HOG

Key Points

• Nuveen LLC acquired 378,764 shares of Harley-Davidson, valued at approximately $9.56 million, representing about 0.31% ownership of the company.
• Harley-Davidson's stock price has recently increased by 5.9%, and the company holds a market cap of $3.48 billion with a P/E ratio of 14.85.
• Despite a revenue decrease of 19.3% year-over-year, Harley-Davidson reported earnings of $0.88 per share, missing analyst expectations.

Nuveen LLC bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 378,764 shares of the company's stock, valued at approximately $9,564,000. Nuveen LLC owned 0.31% of Harley-Davidson as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Donald Smith & CO. Inc. grew its position in Harley-Davidson by 104.0% in 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 last quarter. Brown Advisory Inc. increased its stake in Harley-Davidson by 4.8% during the 4th quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock valued at $47,266,000 after buying an additional 71,495 shares during the period. Brickwood Asset Management LLP increased its stake in Harley-Davidson by 24.2% during the 1st quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock valued at $28,918,000 after buying an additional 223,146 shares during the period. Northern Trust Corp increased its stake in Harley-Davidson by 20.1% during the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock valued at $32,035,000 after buying an additional 177,748 shares during the period. Finally, Invesco Ltd. increased its stake in Harley-Davidson by 7.2% during the 1st quarter. Invesco Ltd. now owns 757,747 shares of the company's stock valued at $19,133,000 after buying an additional 50,717 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Trading Up 1.2%

Shares of HOG traded up $0.34 during midday trading on Friday, hitting $29.16. The stock had a trading volume of 1,292,111 shares, compared to its average volume of 1,959,608. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The business has a 50-day simple moving average of $25.30 and a two-hundred day simple moving average of $24.72. The firm has a market cap of $3.54 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 0.43 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 (NYSE:HOG - Get Free Report) last announced its earnings results 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 during 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 quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

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 given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 10th. Harley-Davidson's dividend payout ratio is 37.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday. DA Davidson raised their target price on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Monday. Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a research note on Monday. Citigroup raised their target price 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, Robert W. Baird raised their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.86.

Insider Activity

In related news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The stock was 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 directly owned 4,705 shares of the company's stock, valued at $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.93% of the stock is owned by company insiders.

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.