Harley-Davidson Inc (NYSE:HOG) Shares Purchased by Neuburgh Advisers LLC

Share on StockTwits

Neuburgh Advisers LLC raised its holdings in Harley-Davidson Inc (NYSE:HOG) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 19,312 shares of the company’s stock after buying an additional 986 shares during the period. Neuburgh Advisers LLC’s holdings in Harley-Davidson were worth $692,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in Harley-Davidson by 31.0% during the 1st quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock worth $507,463,000 after purchasing an additional 3,367,376 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Harley-Davidson by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,004,889 shares of the company’s stock worth $501,795,000 after acquiring an additional 931,941 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Harley-Davidson in the 2nd quarter valued at about $30,507,000. Dimensional Fund Advisors LP lifted its stake in shares of Harley-Davidson by 44.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock valued at $84,394,000 after purchasing an additional 762,573 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Harley-Davidson by 17.8% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,868,048 shares of the company’s stock valued at $138,476,000 after purchasing an additional 584,557 shares during the period. Institutional investors own 93.97% of the company’s stock.

Shares of NYSE HOG traded up $0.04 during midday trading on Wednesday, hitting $35.43. 33,818 shares of the stock traded hands, compared to its average volume of 1,433,251. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.03 and a current ratio of 1.15. Harley-Davidson Inc has a one year low of $30.17 and a one year high of $46.22. The business has a 50 day moving average price of $33.17 and a two-hundred day moving average price of $35.57. The company has a market cap of $5.39 billion, a PE ratio of 9.38, a P/E/G ratio of 1.23 and a beta of 1.21.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.04. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $1.52 EPS. Harley-Davidson’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Harley-Davidson Inc will post 3.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, September 16th. This represents a $1.50 annualized dividend and a yield of 4.23%. Harley-Davidson’s payout ratio is 39.68%.

A number of brokerages have weighed in on HOG. Northcoast Research reiterated a “hold” rating on shares of Harley-Davidson in a report on Tuesday, June 4th. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a report on Friday, July 26th. KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, July 19th. Wedbush set a $35.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a research note on Friday, July 12th. Finally, ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.00.

In related news, CFO John A. Olin sold 30,000 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $35.96, for a total value of $1,078,800.00. Following the completion of the sale, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at approximately $3,182,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul J. Jones sold 11,884 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $35.15, for a total value of $417,722.60. Following the completion of the sale, the vice president now directly owns 9,575 shares of the company’s stock, valued at $336,561.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,510 shares of company stock worth $1,626,297. Corporate insiders own 0.86% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

Read More: Average Daily Trade Volume Explained

Want to see what other hedge funds are holding HOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harley-Davidson Inc (NYSE:HOG).

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.