Redwood Investment Management LLC Invests $3.69 Million in Harley-Davidson, Inc. (NYSE:HOG)

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

Other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares during the last quarter. Covestor Ltd boosted its holdings in Harley-Davidson by 18.8% during the fourth quarter. Covestor Ltd now owns 4,163 shares of the company's stock worth $125,000 after buying an additional 658 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Harley-Davidson by 7.8% in the 4th quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock valued at $346,000 after purchasing an additional 831 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock worth $56,000 after buying an additional 846 shares during the period. Finally, Xponance Inc. grew its position in shares of Harley-Davidson by 6.5% in the fourth quarter. Xponance Inc. now owns 14,123 shares of the company's stock valued at $426,000 after purchasing an additional 856 shares during the period. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Trading Up 3.4%

HOG stock traded up $0.86 during trading on Tuesday, reaching $26.21. 2,281,405 shares of the stock traded hands, compared to its average volume of 2,422,141. The business's 50 day moving average price is $23.78 and its 200-day moving average price is $27.56. The firm has a market capitalization of $3.18 billion, a PE ratio of 7.87, a P/E/G ratio of 0.38 and a beta of 1.30. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93. 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 - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.27. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The business had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. The business's quarterly revenue was down 23.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.75%. Harley-Davidson's dividend payout ratio is currently 26.87%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HOG. DA Davidson reissued a "buy" rating and issued a $31.00 target price on shares of Harley-Davidson in a research note on Wednesday, April 9th. Morgan Stanley decreased their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Citigroup dropped their target price on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Robert W. Baird increased their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, Bank of America lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Harley-Davidson has a consensus rating of "Hold" and an average target price of $30.17.

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.