Landscape Capital Management L.L.C. Purchases New Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Landscape Capital Management L.L.C. bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 135,577 shares of the company’s stock, valued at approximately $5,224,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. LSV Asset Management grew its position in shares of Harley-Davidson by 17.3% in the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after acquiring an additional 842,407 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Harley-Davidson by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock worth $209,576,000 after purchasing an additional 708,260 shares during the period. American Century Companies Inc. increased its stake in Harley-Davidson by 42.8% during the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock valued at $75,932,000 after purchasing an additional 678,092 shares during the last quarter. Vanguard Group Inc. increased its stake in Harley-Davidson by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after purchasing an additional 452,536 shares during the last quarter. Finally, SG Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter worth $11,797,000. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Stock Down 0.8 %

HOG opened at $32.47 on Thursday. The stock’s fifty day moving average is $34.92 and its 200-day moving average is $35.12. Harley-Davidson, Inc. has a one year low of $29.67 and a one year high of $44.16. The company has a market capitalization of $4.13 billion, a PE ratio of 7.31, a P/E/G ratio of 0.44 and a beta of 1.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson announced that its board has initiated a stock buyback program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 19.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.13%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Insider Activity at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the sale, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HOG shares. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America reduced their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. StockNews.com cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup dropped their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price target for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.57.

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.