Caxton Associates LP Buys Shares of 20,562 Harley-Davidson, Inc. (NYSE:HOG)

Caxton Associates LP bought a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,562 shares of the company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC grew its holdings in Harley-Davidson by 174.4% in the 2nd quarter. Squarepoint Ops LLC now owns 419,775 shares of the company’s stock valued at $14,079,000 after buying an additional 266,806 shares during the last quarter. Bank of Montreal Can grew its holdings in Harley-Davidson by 14.1% in the 2nd quarter. Bank of Montreal Can now owns 468,618 shares of the company’s stock valued at $15,731,000 after buying an additional 57,913 shares during the last quarter. Sei Investments Co. grew its holdings in Harley-Davidson by 9.0% in the 2nd quarter. Sei Investments Co. now owns 76,231 shares of the company’s stock valued at $2,557,000 after buying an additional 6,297 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Harley-Davidson in the 2nd quarter valued at approximately $561,000. Finally, XTX Topco Ltd grew its holdings in Harley-Davidson by 233.7% in the 2nd quarter. XTX Topco Ltd now owns 19,166 shares of the company’s stock valued at $643,000 after buying an additional 13,422 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $38.22 on Friday. The business’s fifty day moving average price is $36.85 and its two-hundred day moving average price is $36.80. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.41 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) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business posted $1.22 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. As a group, analysts predict that Harley-Davidson, Inc. will post 4.32 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is 15.33%.

Harley-Davidson announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 19.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on HOG shares. Citigroup raised their target price on Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. UBS Group boosted their price objective on Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Finally, Robert W. Baird boosted their price objective on Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.00.

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.