Private Advisor Group LLC bought a new stake in Harley-Davidson Inc (NYSE:HOG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,624 shares of the company’s stock, valued at approximately $255,000.

A number of other hedge funds also recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in shares of Harley-Davidson in the second quarter worth approximately $3,195,000. Whittier Trust Co. bought a new position in shares of Harley-Davidson in the second quarter worth approximately $112,000. Dupont Capital Management Corp increased its position in shares of Harley-Davidson by 13.9% in the second quarter. Dupont Capital Management Corp now owns 21,196 shares of the company’s stock worth $892,000 after purchasing an additional 2,592 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Harley-Davidson in the second quarter worth approximately $8,416,000. Finally, TD Asset Management Inc. increased its position in shares of Harley-Davidson by 0.9% in the second quarter. TD Asset Management Inc. now owns 524,802 shares of the company’s stock worth $22,083,000 after purchasing an additional 4,737 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HOG opened at $42.29 on Friday. Harley-Davidson Inc has a one year low of $35.76 and a one year high of $56.50. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.95. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. Harley-Davidson had a net margin of 9.30% and a return on equity of 33.57%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts predict that Harley-Davidson Inc will post 3.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Thursday, December 13th. Harley-Davidson’s payout ratio is currently 42.29%.

HOG has been the topic of several research analyst reports. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Wolfe Research started coverage on shares of Harley-Davidson in a research report on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 price objective on the stock. Royal Bank of Canada reduced their price target on shares of Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 17th. Finally, Wedbush reduced their price target on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $44.38.

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Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.

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

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