Twelve Points Wealth Management LLC Raises Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Twelve Points Wealth Management LLC raised its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 38.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,369 shares of the company's stock after buying an additional 19,652 shares during the period. Twelve Points Wealth Management LLC owned about 0.06% of Harley-Davidson worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Harley-Davidson by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock valued at $205,940,000 after purchasing an additional 332,928 shares during the last quarter. LSV Asset Management raised its holdings in shares of Harley-Davidson by 0.4% in the fourth quarter. LSV Asset Management now owns 5,498,635 shares of the company's stock valued at $165,674,000 after purchasing an additional 19,453 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Harley-Davidson by 14.2% in the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock valued at $105,352,000 after purchasing an additional 435,200 shares during the last quarter. Donald Smith & CO. Inc. purchased a new stake in shares of Harley-Davidson in the fourth quarter valued at about $50,368,000. Finally, Brown Advisory Inc. increased its holdings in Harley-Davidson by 4.8% during the fourth quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock worth $47,266,000 after buying an additional 71,495 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HOG. DA Davidson reaffirmed a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. Citigroup lifted their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. UBS Group lowered 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 report on Tuesday. Finally, Robert W. Baird lifted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Harley-Davidson currently has an average rating of "Hold" and a consensus price target of $29.83.

Harley-Davidson Stock Performance

Shares of HOG traded down $0.47 during trading hours on Friday, hitting $24.64. The company's stock had a trading volume of 775,100 shares, compared to its average volume of 1,939,242. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.50 and a beta of 1.30. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36. The business has a 50 day simple moving average of $24.37 and a two-hundred day simple moving average of $25.40. 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 Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. The firm had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The company's revenue was down 23.2% on a year-over-year basis. During the same quarter last year, the company earned $1.72 earnings per share. On average, equities analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a dividend of $0.18 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.72 annualized dividend and a yield of 2.92%. Harley-Davidson's dividend payout ratio is currently 26.87%.

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.