Private Advisor Group LLC Purchases Shares of 7,634 Harley-Davidson, Inc. (NYSE:HOG)

Private Advisor Group LLC purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,634 shares of the company’s stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after purchasing an additional 322 shares during the last quarter. GAMMA Investing LLC increased its position 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 valued at $67,000 after purchasing an additional 320 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Harley-Davidson by 191.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company’s stock valued at $133,000 after purchasing an additional 2,626 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Harley-Davidson during the 2nd quarter valued at about $139,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Up 3.7 %

Harley-Davidson stock opened at $33.35 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $35.83 and its two-hundred day simple moving average is $35.37. Harley-Davidson, Inc. has a 12 month low of $26.35 and a 12 month high of $44.16. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 0.41 and a beta of 1.46.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s payout ratio is currently 15.54%.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HOG. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group raised their price target on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Citigroup reduced their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Bank of America reduced their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.29.

Insider Activity at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.

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.