SG Americas Securities LLC Grows Position in Harley-Davidson, Inc. $HOG

SG Americas Securities LLC lifted its position in Harley-Davidson, Inc. (NYSE:HOG) by 96.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 79,459 shares of the company’s stock after purchasing an additional 38,916 shares during the period. SG Americas Securities LLC owned about 0.07% of Harley-Davidson worth $2,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HOG. Donald Smith & CO. Inc. grew its holdings in Harley-Davidson by 61.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,517,795 shares of the company’s stock worth $130,220,000 after acquiring an additional 2,108,099 shares during the last quarter. Norges Bank purchased a new stake in shares of Harley-Davidson during the second quarter worth about $21,607,000. Bank of New York Mellon Corp grew its stake in shares of Harley-Davidson by 30.2% in the second quarter. Bank of New York Mellon Corp now owns 1,838,532 shares of the company’s stock worth $43,389,000 after purchasing an additional 426,808 shares during the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of Harley-Davidson in the second quarter worth about $7,262,000. Finally, BNP Paribas Financial Markets increased its holdings in Harley-Davidson by 179.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 299,729 shares of the company’s stock valued at $7,074,000 after purchasing an additional 192,339 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $21.10 on Wednesday. Harley-Davidson, Inc. has a 12 month low of $20.38 and a 12 month high of $31.25. The firm has a market capitalization of $2.49 billion, a P/E ratio of 5.12, a P/E/G ratio of 0.52 and a beta of 1.37. The company has a current ratio of 2.51, a quick ratio of 2.36 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $22.62 and a two-hundred day simple moving average of $25.37.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $1.72. Harley-Davidson had a net margin of 11.37% and a return on equity of 15.19%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.01 billion. On average, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, December 9th. Harley-Davidson’s dividend payout ratio (DPR) is presently 17.48%.

Analysts Set New Price Targets

Several research firms have weighed in on HOG. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Morgan Stanley dropped their price target on Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, November 19th. UBS Group reduced their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, Loop Capital assumed coverage on shares of Harley-Davidson in a research note on Tuesday, November 25th. They set a “hold” rating and a $21.00 target price on the stock. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.88.

Harley-Davidson Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.