9,013 Shares in Harley-Davidson, Inc. (NYSE:HOG) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,013 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI boosted its position in Harley-Davidson by 30.3% during the third quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock worth $54,000 after purchasing an additional 391 shares during the period. Raymond James & Associates lifted its position in shares of Harley-Davidson by 2.1% in the 3rd quarter. Raymond James & Associates now owns 564,850 shares of the company’s stock worth $18,674,000 after acquiring an additional 11,670 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Harley-Davidson by 132.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 54,751 shares of the company’s stock worth $1,810,000 after acquiring an additional 31,180 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Harley-Davidson by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock worth $48,330,000 after purchasing an additional 12,332 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Harley-Davidson by 2.7% during the third quarter. Brown Advisory Inc. now owns 1,288,649 shares of the company’s stock valued at $42,603,000 after purchasing an additional 33,760 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Harley-Davidson in a research note on Tuesday. They set an “overweight” rating and a $50.00 price target on the stock. Bank of America increased their price target on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. DA Davidson lifted their price objective on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Citigroup upped their price objective on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets decreased their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $34.75 on Friday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 7.72, a PEG ratio of 2.16 and a beta of 1.43. The business has a 50-day moving average of $39.81 and a 200-day moving average of $34.93. The company has a current ratio of 1.54, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50. Harley-Davidson, Inc. has a 1 year low of $25.43 and a 1 year high of $44.16.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 4.24 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.99%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 1st. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.33%.

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.