Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,928 shares of the company’s stock after purchasing an additional 2,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Harley-Davidson were worth $902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mork Capital Management LLC acquired a new stake in Harley-Davidson during the third quarter valued at approximately $1,926,000. Hussman Strategic Advisors Inc. acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $1,898,000. Bank of New York Mellon Corp raised its stake in Harley-Davidson by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after buying an additional 157,939 shares in the last quarter. Barclays PLC raised its stake in Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after buying an additional 162,899 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Harley-Davidson by 151.3% during the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock valued at $1,945,000 after buying an additional 30,388 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $25.24 on Friday. The firm has a market cap of $3.14 billion, a P/E ratio of 7.58, a PEG ratio of 0.38 and a beta of 1.49. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The stock has a fifty day moving average price of $26.69 and a two-hundred day moving average price of $31.36. Harley-Davidson, Inc. has a 1 year low of $23.81 and a 1 year high of $44.16.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same period in the previous year, the business posted $0.18 earnings per share. Research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.18 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, February 28th. Harley-Davidson’s dividend payout ratio (DPR) is 21.62%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HOG. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America dropped their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Robert W. Baird decreased their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. Citigroup decreased their price objective on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, UBS Group decreased their price objective on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.57.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.