Villanova Investment Management Co LLC Has $513,000 Holdings in Harley-Davidson, Inc. $HOG

Key Points

• Villanova Investment Management Co LLC reduced its stake in Harley-Davidson by 51.1%, resulting in ownership of 20,311 shares valued at approximately $513,000.
• Several other hedge funds increased their investments in Harley-Davidson during the first quarter, with Versant Capital Management boosting its position by an astonishing 3,514.8%.
• Analysts have set a consensus price target of $30.86 for Harley-Davidson, with two analysts rating it as a Buy and six as a Hold.

Villanova Investment Management Co LLC cut its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 51.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,311 shares of the company's stock after selling 21,233 shares during the period. Villanova Investment Management Co LLC's holdings in Harley-Davidson were worth $513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Assetmark Inc. increased its stake in shares of Harley-Davidson by 209.7% in the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock worth $27,000 after purchasing an additional 713 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Harley-Davidson by 52.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company's stock worth $53,000 after purchasing an additional 725 shares during the period. UMB Bank n.a. increased its stake in shares of Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock worth $33,000 after purchasing an additional 791 shares during the period. Deutsche Bank AG increased its stake in shares of Harley-Davidson by 7.8% in the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock worth $346,000 after purchasing an additional 831 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Harley-Davidson by 35.6% in the first quarter. Parallel Advisors LLC now owns 3,578 shares of the company's stock worth $90,000 after purchasing an additional 939 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HOG. Griffin Securities set a $34.00 price objective on Harley-Davidson in a research note on Monday, August 25th. Citigroup boosted their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. UBS Group lowered their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, DA Davidson boosted their price target on Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $30.86.

Harley-Davidson Price Performance

NYSE HOG traded up $0.22 during trading on Tuesday, reaching $30.10. 502,607 shares of the company traded hands, compared to its average volume of 2,165,072. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37. The stock's 50 day moving average price is $26.57 and its two-hundred day moving average price is $24.99. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 0.42 and a beta of 1.31. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm's revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. As a group, analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

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

Insiders Place Their Bets

In related news, Director Rafeh Masood acquired 2,068 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were bought at an average cost of $24.06 per share, with a total value of $49,756.08. Following the completion of the acquisition, the director 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.93% of the company's stock.

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.