122,327 Shares in Harley-Davidson, Inc. (NYSE:HOG) Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 122,327 shares of the company's stock, valued at approximately $3,686,000. Redwood Investment Management LLC owned approximately 0.10% of Harley-Davidson at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HOG. Dimensional Fund Advisors LP lifted its stake in Harley-Davidson by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock worth $205,940,000 after purchasing an additional 332,928 shares in the last quarter. LSV Asset Management lifted its position in shares of Harley-Davidson by 0.4% in the fourth quarter. LSV Asset Management now owns 5,498,635 shares of the company's stock worth $165,674,000 after buying an additional 19,453 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Harley-Davidson by 30.7% during the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company's stock valued at $164,754,000 after buying an additional 1,285,225 shares during the last quarter. American Century Companies Inc. grew its holdings in Harley-Davidson by 14.2% during the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock valued at $105,352,000 after buying an additional 435,200 shares in the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in Harley-Davidson in the fourth quarter worth $50,368,000. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Trading Down 0.2%

Shares of NYSE:HOG opened at $24.94 on Thursday. The company has a market capitalization of $3.03 billion, a PE ratio of 7.49, a P/E/G ratio of 0.38 and a beta of 1.30. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The business's fifty day simple moving average is $23.84 and its 200-day simple moving average is $27.78.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.27. The company had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The firm's quarterly revenue was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 earnings per share. As a group, equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.89%. Harley-Davidson's payout ratio is currently 26.87%.

Analyst Upgrades and Downgrades

HOG has been the subject of several recent research reports. Morgan Stanley dropped their price target on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Robert W. Baird upped their target price on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday. DA Davidson reaffirmed a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. UBS Group cut their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Finally, Citigroup lowered their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.