Twelve Points Wealth Management LLC Boosts Stake in Harley-Davidson, Inc. (NYSE:HOG)

Twelve Points Wealth Management LLC raised its stake in Harley-Davidson, Inc. (NYSE:HOG) by 24.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,717 shares of the company’s stock after buying an additional 10,245 shares during the period. Twelve Points Wealth Management LLC’s holdings in Harley-Davidson were worth $1,558,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MML Investors Services LLC boosted its holdings in shares of Harley-Davidson by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock worth $325,000 after purchasing an additional 379 shares in the last quarter. Covestor Ltd boosted its stake in shares of Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after purchasing an additional 448 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Harley-Davidson by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after purchasing an additional 494 shares during the last quarter. Blue Trust Inc. raised its position in Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock worth $141,000 after purchasing an additional 697 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Harley-Davidson by 3.0% in the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock worth $1,064,000 after purchasing an additional 807 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Stock Down 3.4 %

HOG stock opened at $27.46 on Wednesday. Harley-Davidson, Inc. has a fifty-two week low of $27.26 and a fifty-two week high of $44.16. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48. The business’s 50 day moving average price is $30.95 and its two-hundred day moving average price is $34.00. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 annualized dividend and a yield of 2.51%. Harley-Davidson’s payout ratio is 15.54%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOG. UBS Group lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup dropped their price target on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, Robert W. Baird lowered their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.14.

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.