Harley-Davidson, Inc. $HOG Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 396,602 shares of the company’s stock after selling 9,038 shares during the period. Bank of Montreal Can owned approximately 0.33% of Harley-Davidson worth $9,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. raised its holdings in Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after buying an additional 713 shares during the period. Financial Harvest LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted its position in shares of Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after acquiring an additional 1,278 shares in the last quarter. State of Wyoming acquired a new position in Harley-Davidson in the 1st quarter worth approximately $54,000. Finally, UMB Bank n.a. boosted its stake in Harley-Davidson by 68.3% in the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock worth $52,000 after purchasing an additional 892 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Trading Up 1.8%

Shares of NYSE:HOG opened at $25.60 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.02 billion, a PE ratio of 13.26, a P/E/G ratio of 0.40 and a beta of 1.39. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $35.21. The firm has a fifty day moving average price of $28.01 and a 200 day moving average price of $25.92.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. Analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, September 10th. Harley-Davidson’s dividend payout ratio (DPR) is 17.48%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HOG. UBS Group set a $28.00 target price on Harley-Davidson and gave the company a “neutral” rating in a report on Friday, October 31st. Zacks Research downgraded Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. DA Davidson lifted their target price on Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Morgan Stanley downgraded Harley-Davidson from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $27.00 to $25.00 in a report on Monday, October 27th. Finally, Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $30.14.

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.