The Manufacturers Life Insurance Company Has $3.50 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

The Manufacturers Life Insurance Company trimmed its position in Harley-Davidson, Inc. (NYSE:HOG) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,360 shares of the company’s stock after selling 7,111 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Harley-Davidson worth $3,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOG. LSV Asset Management increased its position in Harley-Davidson by 17.3% in the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after purchasing an additional 842,407 shares during the period. Dimensional Fund Advisors LP increased its position in Harley-Davidson by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock worth $209,576,000 after purchasing an additional 708,260 shares during the period. American Century Companies Inc. increased its position in Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock worth $75,932,000 after purchasing an additional 678,092 shares during the period. Vanguard Group Inc. increased its position 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 period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Harley-Davidson by 134.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 474,150 shares of the company’s stock worth $17,468,000 after purchasing an additional 272,120 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. UBS Group boosted their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Citigroup boosted their target price on Harley-Davidson from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

Harley-Davidson Stock Down 2.8 %

NYSE:HOG opened at $33.80 on Tuesday. The stock has a 50-day simple moving average of $36.98 and a 200 day simple moving average of $36.52. Harley-Davidson, Inc. has a 52-week low of $25.43 and a 52-week high of $44.16. The company has a market cap of $4.55 billion, a PE ratio of 7.51, a PEG ratio of 1.41 and a beta of 1.44. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $1.22 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts expect that Harley-Davidson, Inc. will post 4.32 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.33%.

Harley-Davidson declared that its board has authorized a share repurchase plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 19.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are 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.