Wedge Capital Management L L P NC Has $1.91 Million Position in Harley-Davidson, Inc. (NYSE:HOG)

Wedge Capital Management L L P NC lifted its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,079 shares of the company’s stock after purchasing an additional 4,102 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Harley-Davidson were worth $1,914,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of Harley-Davidson by 95.0% in the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after acquiring an additional 384 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Harley-Davidson during the first quarter worth $39,000. Principal Securities Inc. bought a new stake in Harley-Davidson during the fourth quarter worth $38,000. Lindbrook Capital LLC lifted its stake in Harley-Davidson by 66.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock valued at $39,000 after acquiring an additional 423 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Harley-Davidson by 115.0% in the 4th quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock valued at $42,000 after acquiring an additional 615 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Up 2.4 %

HOG traded up $0.88 during mid-day trading on Thursday, reaching $36.86. 1,113,224 shares of the stock were exchanged, compared to its average volume of 1,735,749. Harley-Davidson, Inc. has a 1 year low of $25.43 and a 1 year high of $44.16. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50. The company has a 50 day moving average price of $34.53 and a two-hundred day moving average price of $36.58. The stock has a market capitalization of $4.96 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $1.22 earnings per share. Harley-Davidson’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 4.35 EPS for the current year.

Harley-Davidson announced that its Board of Directors has authorized a stock repurchase plan on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 19.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Wednesday, June 5th were issued a $0.1725 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $0.69 annualized dividend and a dividend yield of 1.87%. Harley-Davidson’s payout ratio is currently 15.33%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HOG. Citigroup cut their target price on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, June 12th. Robert W. Baird raised their price objective on Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley assumed coverage on Harley-Davidson in a report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 target price on the stock. Finally, BMO Capital Markets cut their price target on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.14.

Harley-Davidson Company 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.