Twelve Points Wealth Management LLC Buys 10,245 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Twelve Points Wealth Management LLC grew its stake in Harley-Davidson, Inc. (NYSE:HOG) by 24.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,717 shares of the company’s stock after purchasing an additional 10,245 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Harley-Davidson were worth $1,558,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mork Capital Management LLC bought a new position in Harley-Davidson during the 3rd quarter valued at $1,926,000. Barclays PLC lifted its position in shares of Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after purchasing an additional 162,899 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Harley-Davidson by 151.3% during the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock worth $1,945,000 after purchasing an additional 30,388 shares during the last quarter. Quantbot Technologies LP grew its position in Harley-Davidson by 190.4% in the 3rd quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after purchasing an additional 112,948 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Harley-Davidson in the 3rd quarter valued at about $2,725,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

NYSE HOG opened at $27.46 on Wednesday. The company’s 50 day moving average is $30.95 and its 200-day moving average is $34.00. The firm has a market cap of $3.50 billion, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48. Harley-Davidson, Inc. has a 12-month low of $27.26 and a 12-month high of $44.16. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 annualized dividend and a yield of 2.51%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America decreased their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Robert W. Baird dropped their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.14.

About Harley-Davidson

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.