Harley-Davidson, Inc. (NYSE:HOG) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 233.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,166 shares of the company’s stock after acquiring an additional 13,422 shares during the quarter. XTX Topco Ltd’s holdings in Harley-Davidson were worth $643,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Harley-Davidson by 19.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares during the period. Fifth Third Bancorp raised its position in shares of Harley-Davidson by 19.5% in the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after acquiring an additional 322 shares during the period. Toronto Dominion Bank boosted its stake in shares of Harley-Davidson by 0.7% during the 1st quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after acquiring an additional 345 shares in the last quarter. US Bancorp DE grew its position in shares of Harley-Davidson by 2.2% during the 4th quarter. US Bancorp DE now owns 16,023 shares of the company’s stock valued at $590,000 after acquiring an additional 346 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Harley-Davidson by 95.0% in the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $38.69 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50. The business’s 50 day moving average price is $36.72 and its 200 day moving average price is $36.78. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.28 and a beta of 1.44. Harley-Davidson, Inc. has a one year low of $25.43 and a one year high of $44.16.

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

Harley-Davidson declared that its board has authorized a share buyback program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 19.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Monday, September 16th. Harley-Davidson’s dividend payout ratio is presently 15.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HOG shares. Robert W. Baird increased their price target on Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. UBS Group boosted their price target on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Citigroup lifted their target price on shares of Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.00.

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.