Lindbrook Capital LLC Buys 423 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Lindbrook Capital LLC lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 66.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,057 shares of the company’s stock after purchasing an additional 423 shares during the quarter. Lindbrook Capital LLC’s holdings in Harley-Davidson were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Bank of Canada FI grew its position in Harley-Davidson by 30.3% during the third quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock worth $54,000 after buying an additional 391 shares in the last quarter. Raymond James & Associates grew its position in Harley-Davidson by 2.1% during the third quarter. Raymond James & Associates now owns 564,850 shares of the company’s stock worth $18,674,000 after buying an additional 11,670 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Harley-Davidson by 132.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 54,751 shares of the company’s stock worth $1,810,000 after buying an additional 31,180 shares in the last quarter. Bank of New York Mellon Corp grew its position in Harley-Davidson by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock worth $48,330,000 after buying an additional 12,332 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in Harley-Davidson by 2.7% during the third quarter. Brown Advisory Inc. now owns 1,288,649 shares of the company’s stock worth $42,603,000 after buying an additional 33,760 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HOG shares. Morgan Stanley started coverage on Harley-Davidson in a research report on Tuesday. They set an “overweight” rating and a $50.00 target price for the company. BMO Capital Markets upped their price objective on Harley-Davidson from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Citigroup upped their price objective on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. DA Davidson upped their price objective on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, UBS Group increased their target price on Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Harley-Davidson Trading Down 15.7 %

HOG opened at $33.23 on Friday. The business has a 50 day simple moving average of $39.87 and a two-hundred day simple moving average of $34.90. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 2.56 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25. 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 results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The business had revenue of $791.65 million during the quarter, compared to analyst estimates of $875.29 million. During the same quarter in the prior year, the company posted $0.28 EPS. Harley-Davidson’s quarterly revenue was down 13.8% compared to the same quarter last year. Analysts predict that Harley-Davidson, Inc. will post 4.24 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were given a $0.1725 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 2.08%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is currently 14.32%.

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.