Harley-Davidson, Inc. $HOG Stock Position Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in Harley-Davidson, Inc. (NYSE:HOG) by 37.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,900 shares of the company’s stock after purchasing an additional 790 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Harley-Davidson were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOG. Twelve Points Wealth Management LLC lifted its stake in shares of Harley-Davidson by 14.0% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 81,335 shares of the company’s stock worth $1,920,000 after acquiring an additional 9,966 shares during the period. GAMMA Investing LLC lifted its stake in shares of Harley-Davidson by 282.9% in the 2nd quarter. GAMMA Investing LLC now owns 8,880 shares of the company’s stock worth $210,000 after acquiring an additional 6,561 shares during the period. Matrix Trust Co lifted its stake in shares of Harley-Davidson by 24.6% in the 2nd quarter. Matrix Trust Co now owns 11,449 shares of the company’s stock worth $270,000 after acquiring an additional 2,262 shares during the period. UMB Bank n.a. lifted its stake in shares of 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 acquiring an additional 892 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Harley-Davidson by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,129 shares of the company’s stock worth $412,000 after acquiring an additional 607 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Rafeh Masood purchased 2,068 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the acquisition, the director directly owned 4,705 shares of the company’s stock, valued at $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HOG has been the subject of a number of research analyst reports. DA Davidson upped their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a research note on Monday, August 25th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. UBS Group boosted their target price on shares of Harley-Davidson from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, Citigroup boosted their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $31.00.

Harley-Davidson Stock Down 1.7%

HOG stock opened at $26.04 on Monday. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $36.94. The company’s 50 day simple moving average is $28.05 and its 200-day simple moving average is $25.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The firm has a market capitalization of $3.17 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.37 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The firm’s revenue was down 19.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.8%. Harley-Davidson’s payout ratio is currently 37.31%.

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.