New York Life Investment Management LLC Has $600,000 Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

New York Life Investment Management LLC increased its position in Harley-Davidson, Inc. (NYSE:HOG) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,289 shares of the company’s stock after purchasing an additional 1,029 shares during the quarter. New York Life Investment Management LLC’s holdings in Harley-Davidson were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOG. BKM Wealth Management LLC bought a new position in Harley-Davidson during the fourth quarter worth about $36,000. Lindbrook Capital LLC boosted its holdings in Harley-Davidson by 66.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock worth $39,000 after buying an additional 423 shares during the last quarter. Signaturefd LLC boosted its holdings in Harley-Davidson by 115.0% during the fourth quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock worth $42,000 after buying an additional 615 shares during the last quarter. Headinvest LLC bought a new position in shares of Harley-Davidson during the 3rd quarter valued at about $52,000. Finally, GAMMA Investing LLC bought a new position in shares of Harley-Davidson during the 4th quarter valued at about $62,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Stock Down 3.9 %

HOG stock opened at $34.10 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4.59 billion, a PE ratio of 7.58, a PEG ratio of 1.12 and a beta of 1.48. Harley-Davidson, Inc. has a 1-year low of $25.43 and a 1-year high of $44.16. The business’s 50 day simple moving average is $39.46 and its 200 day simple moving average is $35.22.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.24. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 4.52 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.02%. Harley-Davidson’s payout ratio is presently 15.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HOG shares. DA Davidson lifted their price objective on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America lifted their target price on Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Morgan Stanley started coverage on Harley-Davidson in a research report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price on the stock. BMO Capital Markets dropped their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Citigroup boosted their price target on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Harley-Davidson has an average rating of “Moderate Buy” and an average target price of $46.43.

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.