Edgestream Partners L.P. Makes New $4.80 Million Investment in Harley-Davidson, Inc. (NYSE:HOG)

Edgestream Partners L.P. purchased a new position in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 143,004 shares of the company’s stock, valued at approximately $4,796,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock worth $587,372,000 after purchasing an additional 452,536 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Harley-Davidson by 42.7% during the first quarter. Illinois Municipal Retirement Fund now owns 80,010 shares of the company’s stock valued at $3,500,000 after buying an additional 23,958 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $1,133,000. LSV Asset Management grew its holdings in shares of Harley-Davidson by 17.3% during the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock valued at $191,372,000 after buying an additional 842,407 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $1,696,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HOG has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Citigroup dropped their price objective on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Finally, UBS Group boosted their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Harley-Davidson presently has an average rating of “Moderate Buy” and a consensus target price of $45.29.

Harley-Davidson Trading Up 2.4 %

NYSE HOG opened at $38.88 on Wednesday. The company has a market capitalization of $5.23 billion, a PE ratio of 8.64, a P/E/G ratio of 1.28 and a beta of 1.44. The company has a fifty day moving average of $36.19 and a 200 day moving average of $36.75. Harley-Davidson, Inc. has a 1 year low of $25.43 and a 1 year high of $44.16. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.50 and a quick ratio of 1.32.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.29 billion. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Research analysts forecast that Harley-Davidson, Inc. will post 4.32 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a $0.1725 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.77%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.33%.

Harley-Davidson declared that its Board of Directors has authorized a share repurchase program on Thursday, July 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 19.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Harley-Davidson 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.