Algert Global LLC Sells 219,895 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Algert Global LLC trimmed its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,391 shares of the company's stock after selling 219,895 shares during the period. Algert Global LLC owned about 0.08% of Harley-Davidson worth $3,236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Talon Private Wealth LLC bought a new position in Harley-Davidson during the 4th quarter worth $231,000. Northern Trust Corp boosted its position in Harley-Davidson by 20.1% in the fourth quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock valued at $32,035,000 after buying an additional 177,748 shares in the last quarter. Aquatic Capital Management LLC increased its holdings in shares of Harley-Davidson by 186.6% during the fourth quarter. Aquatic Capital Management LLC now owns 144,458 shares of the company's stock worth $4,353,000 after buying an additional 94,058 shares in the last quarter. Nebula Research & Development LLC lifted its stake in shares of Harley-Davidson by 67.1% in the 4th quarter. Nebula Research & Development LLC now owns 27,864 shares of the company's stock valued at $840,000 after acquiring an additional 11,193 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Harley-Davidson by 21.0% during the 4th quarter. Voya Investment Management LLC now owns 56,818 shares of the company's stock valued at $1,712,000 after acquiring an additional 9,854 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Up 1.0 %

NYSE HOG traded up $0.23 during mid-day trading on Friday, hitting $23.63. The company's stock had a trading volume of 1,064,414 shares, compared to its average volume of 1,894,828. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.38 and a beta of 1.30. The company's 50 day simple moving average is $23.88 and its 200 day simple moving average is $27.93. 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 twelve month low of $20.45 and a twelve month high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.80 by $0.27. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The firm 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 business posted $1.72 earnings per share. The company's quarterly revenue was down 23.2% compared to the same quarter last year. Analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid 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 annualized dividend and a yield of 3.05%. Harley-Davidson's dividend payout ratio (DPR) is 26.87%.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Robert W. Baird reduced their target price on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. UBS Group decreased their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. DA Davidson reaffirmed a "buy" rating and set a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. 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. Finally, Bank of America cut their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Six research 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 company. According to data from MarketBeat, Harley-Davidson presently has an average rating of "Hold" and a consensus target price of $29.83.

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.