Raymond James & Associates Grows Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Raymond James & Associates boosted its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 647,000 shares of the company's stock after acquiring an additional 30,725 shares during the period. Raymond James & Associates owned 0.48% of Harley-Davidson worth $24,929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Harley-Davidson during the first quarter worth about $39,000. Signaturefd LLC grew its position in Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company's stock worth $63,000 after purchasing an additional 597 shares in the last quarter. Fifth Third Bancorp grew its position in Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $66,000 after purchasing an additional 322 shares in the last quarter. GAMMA Investing LLC increased its stake in Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock valued at $67,000 after buying an additional 320 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Harley-Davidson by 191.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company's stock worth $133,000 after buying an additional 2,626 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Price Performance

HOG stock traded up $0.16 during mid-day trading on Friday, reaching $31.83. 2,822,297 shares of the company traded hands, compared to its average volume of 1,744,025. The company has a fifty day moving average price of $36.63 and a 200-day moving average price of $35.86. Harley-Davidson, Inc. has a 52-week low of $25.43 and a 52-week high of $44.16. The company has a market capitalization of $4.28 billion, a P/E ratio of 7.08, a P/E/G ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.50 and a quick ratio of 1.32.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.09. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The business had revenue of $881.21 million for the quarter, compared to analyst estimates of $970.25 million. As a group, analysts anticipate that Harley-Davidson, Inc. will post 4.19 earnings per share for the current year.

Harley-Davidson announced that its Board of Directors has initiated 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 repurchase up to 19.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson's payout ratio is 15.33%.

Analyst Upgrades and Downgrades

HOG has been the subject of a number of recent analyst reports. Robert W. Baird downgraded Harley-Davidson from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Citigroup lowered their target price on Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday. Bank of America cut their price target on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. Baird R W cut Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Finally, UBS Group increased their target price on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson has a consensus rating of "Moderate Buy" and an average price target of $43.29.

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.