EMC Capital Management Increases Position in Harley-Davidson, Inc. (NYSE:HOG)

EMC Capital Management grew its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 141.9% during the fourth quarter, Holdings Channel reports. The firm owned 8,467 shares of the company’s stock after acquiring an additional 4,967 shares during the quarter. EMC Capital Management’s holdings in Harley-Davidson were worth $255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HOG. Twelve Points Wealth Management LLC grew its holdings in shares of Harley-Davidson by 24.7% in the fourth quarter. Twelve Points Wealth Management LLC now owns 51,717 shares of the company’s stock valued at $1,558,000 after purchasing an additional 10,245 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock worth $164,754,000 after acquiring an additional 1,285,225 shares in the last quarter. KBC Group NV increased its position in shares of Harley-Davidson by 63.4% during the fourth quarter. KBC Group NV now owns 5,909 shares of the company’s stock worth $178,000 after acquiring an additional 2,293 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at $800,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in Harley-Davidson by 1.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 75,221 shares of the company’s stock valued at $2,267,000 after purchasing an additional 1,061 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

NYSE HOG opened at $27.58 on Friday. The company has a fifty day moving average of $30.75 and a two-hundred day moving average of $33.91. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. Harley-Davidson, Inc. has a 1 year low of $27.18 and a 1 year high of $44.16. The company has a market capitalization of $3.51 billion, a PE ratio of 6.21, a P/E/G ratio of 0.34 and a beta of 1.48.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were paid a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a yield of 2.50%. Harley-Davidson’s dividend payout ratio is presently 15.54%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HOG. Morgan Stanley lowered Harley-Davidson from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $40.00 to $33.00 in a research report on Tuesday, January 21st. Robert W. Baird reduced their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. UBS Group dropped their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Citigroup decreased their price objective on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.71.

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.