Semanteon Capital Management LP Makes New Investment in Harley-Davidson, Inc. (NYSE:HOG)

Semanteon Capital Management LP purchased a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,013 shares of the company’s stock, valued at approximately $332,000.

A number of other hedge funds have also modified their holdings of HOG. Arizona State Retirement System grew its holdings in Harley-Davidson by 1.0% during the third quarter. Arizona State Retirement System now owns 38,886 shares of the company’s stock worth $1,286,000 after acquiring an additional 384 shares during the period. Treasurer of the State of North Carolina grew its stake 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 worth $2,199,000 after purchasing an additional 388 shares during the period. National Bank of Canada FI grew its stake 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 worth $54,000 after purchasing an additional 391 shares during the period. Lindbrook Capital LLC increased 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Harley-Davidson by 4.0% during the third quarter. Tower Research Capital LLC TRC now owns 11,498 shares of the company’s stock valued at $380,000 after buying an additional 446 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets lowered their price target on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday. UBS Group boosted their price objective on Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Morgan Stanley started coverage on Harley-Davidson in a research report on Tuesday. They set an “overweight” rating and a $50.00 target price on the stock. Finally, DA Davidson boosted their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.43.

Harley-Davidson Stock Performance

HOG opened at $34.75 on Friday. The firm has a market capitalization of $4.67 billion, a PE ratio of 7.72, a PEG ratio of 2.16 and a beta of 1.43. The company has a current ratio of 1.54, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50. Harley-Davidson, Inc. has a twelve month low of $25.43 and a twelve month high of $44.16. The firm’s 50-day moving average price is $39.81 and its 200 day moving average price is $34.93.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. As a group, sell-side analysts expect that Harley-Davidson, Inc. will post 4.24 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced 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. The ex-dividend date was Friday, March 1st. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a yield of 1.99%. Harley-Davidson’s payout ratio is 15.33%.

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.