Alaska Permanent Fund Corp Purchases 742 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Alaska Permanent Fund Corp raised its position in Harley-Davidson, Inc. (NYSE:HOG) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,842 shares of the company’s stock after buying an additional 742 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Harley-Davidson were worth $2,573,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HOG. Arizona State Retirement System grew its holdings in shares of Harley-Davidson by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 38,886 shares of the company’s stock valued at $1,286,000 after purchasing an additional 384 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Harley-Davidson by 0.6% during the 3rd quarter. Treasurer of the State of North Carolina now owns 66,502 shares of the company’s stock valued at $2,199,000 after purchasing an additional 388 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Harley-Davidson by 30.3% during the 3rd quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock valued at $54,000 after purchasing an additional 391 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Harley-Davidson by 66.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock valued at $39,000 after purchasing an additional 423 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Harley-Davidson by 4.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,498 shares of the company’s stock valued at $380,000 after purchasing an additional 446 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Citigroup boosted their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. DA Davidson boosted their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley initiated coverage on shares of Harley-Davidson in a report on Tuesday. They set an “overweight” rating and a $50.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on shares of Harley-Davidson from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Harley-Davidson Stock Down 11.4 %

Shares of Harley-Davidson stock traded down $4.48 during trading on Thursday, reaching $34.96. 2,638,819 shares of the company traded hands, compared to its average volume of 1,665,366. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25. Harley-Davidson, Inc. has a 1-year low of $25.43 and a 1-year high of $44.16. The company has a 50 day moving average price of $39.97 and a 200-day moving average price of $34.91. The firm has a market capitalization of $4.70 billion, a PE ratio of 6.84, a P/E/G ratio of 2.61 and a beta of 1.43.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. The company had revenue of $791.65 million for the quarter, compared to the consensus estimate of $875.29 million. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. Harley-Davidson’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 4.19 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, March 1st. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is 14.32%.

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.