Harley-Davidson, Inc. (NYSE:HOG) Position Lifted by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 160.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,011 shares of the company’s stock after buying an additional 19,108 shares during the quarter. Intech Investment Management LLC’s holdings in Harley-Davidson were worth $934,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HOG. Victory Capital Management Inc. lifted its stake in Harley-Davidson by 3.0% in the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock valued at $1,064,000 after buying an additional 807 shares during the last quarter. Empowered Funds LLC lifted its position in Harley-Davidson by 21.8% in the 3rd quarter. Empowered Funds LLC now owns 14,828 shares of the company’s stock valued at $571,000 after purchasing an additional 2,657 shares during the last quarter. Natixis Advisors LLC boosted its stake in Harley-Davidson by 13.8% during the 3rd quarter. Natixis Advisors LLC now owns 22,656 shares of the company’s stock valued at $873,000 after purchasing an additional 2,756 shares during the period. Quest Partners LLC grew its position in Harley-Davidson by 71,664.3% in the 3rd quarter. Quest Partners LLC now owns 10,047 shares of the company’s stock worth $387,000 after purchasing an additional 10,033 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in shares of Harley-Davidson in the third quarter valued at approximately $327,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Price Performance

Shares of HOG opened at $24.65 on Monday. The business’s 50-day moving average is $26.63 and its 200-day moving average is $31.19. Harley-Davidson, Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $44.16. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 0.38 and a beta of 1.49. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period last year, the company posted $0.18 earnings per share. Equities research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.18 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.92%. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Insiders Place Their Bets

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HOG. Morgan Stanley decreased their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Citigroup lowered their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Robert W. Baird cut their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. UBS Group lowered their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, DA Davidson dropped their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $33.57.

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.