Harley-Davidson, Inc. $HOG Stock Position Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 37.4% during the second quarter, HoldingsChannel.com reports. The firm owned 2,900 shares of the company’s stock after acquiring an additional 790 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Harley-Davidson were worth $68,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Harley-Davidson by 209.7% in the first quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares in the last quarter. CX Institutional bought a new stake in Harley-Davidson in the first quarter worth approximately $28,000. Financial Harvest LLC bought a new stake in Harley-Davidson in the first quarter worth approximately $30,000. UMB Bank n.a. boosted its holdings in shares of Harley-Davidson by 153.6% during the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after buying an additional 791 shares during the period. Finally, IMG Wealth Management Inc. bought a new stake in shares of Harley-Davidson during the 1st quarter worth $48,000. 85.10% of the stock is owned by institutional investors.

Insider Activity

In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the purchase, the director owned 4,705 shares in the company, valued at $113,202.30. This represents a 78.42% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the subject of several recent analyst reports. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Citigroup upped their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. DA Davidson upped their price objective on shares of Harley-Davidson from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 25th. UBS Group upped their price objective on shares of Harley-Davidson from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.00.

Harley-Davidson Price Performance

NYSE:HOG opened at $26.04 on Monday. The stock has a market cap of $3.17 billion, a P/E ratio of 13.49, a PEG ratio of 0.37 and a beta of 1.27. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $36.94. The company has a fifty day moving average price of $28.05 and a 200 day moving average price of $25.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. Harley-Davidson’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 earnings per share. Analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.18 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.8%. Harley-Davidson’s dividend payout ratio is currently 37.31%.

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.