Bastion Asset Management Inc. Acquires Shares of 118,935 Harley-Davidson, Inc. (NYSE:HOG)

Bastion Asset Management Inc. purchased a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 118,935 shares of the company's stock, valued at approximately $3,761,000. Harley-Davidson makes up approximately 2.5% of Bastion Asset Management Inc.'s holdings, making the stock its 14th largest holding. Bastion Asset Management Inc. owned approximately 0.09% of Harley-Davidson at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in Harley-Davidson by 172.0% in 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 in the last quarter. Bessemer Group Inc. lifted its stake in Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after purchasing an additional 916 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Harley-Davidson in the 4th quarter worth about $42,000. Global Retirement Partners LLC increased its position 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 valued at $56,000 after purchasing an additional 846 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Harley-Davidson by 201.8% during the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock valued at $57,000 after buying an additional 1,263 shares in the last quarter. Institutional investors own 85.10% of the company's stock.

Insiders Place Their Bets

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated 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 $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group reduced their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Morgan Stanley lowered their price target on shares of 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. Robert W. Baird reduced their price objective on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Bank of America decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Citigroup reduced their price target on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Six investment 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. According to MarketBeat, Harley-Davidson has an average rating of "Hold" and a consensus price target of $29.83.

Harley-Davidson Trading Down 1.3 %

Shares of NYSE HOG traded down $0.29 during trading hours on Wednesday, hitting $23.02. The company's stock had a trading volume of 1,487,538 shares, compared to its average volume of 1,911,316. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 6.91, a P/E/G ratio of 0.38 and a beta of 1.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The business has a 50-day simple moving average of $23.92 and a 200-day simple moving average of $28.09.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $1.72 EPS. The business's quarterly revenue was down 23.2% compared to the same quarter last year. On average, analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.18 per share. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, February 28th. Harley-Davidson's payout ratio is presently 26.87%.

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.