Brown Advisory Inc. Raises Stake in Harley-Davidson, Inc. (NYSE:HOG)

Brown Advisory Inc. boosted its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,568,751 shares of the company's stock after buying an additional 71,495 shares during the period. Brown Advisory Inc. owned approximately 1.23% of Harley-Davidson worth $47,266,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HOG. 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. Covestor Ltd lifted its stake in shares of Harley-Davidson by 18.8% in the 4th quarter. Covestor Ltd now owns 4,163 shares of the company's stock valued at $125,000 after purchasing an additional 658 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock worth $56,000 after purchasing an additional 846 shares during the period. Xponance Inc. increased its position in shares of Harley-Davidson by 6.5% during the 4th 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 last quarter. Finally, Bessemer Group Inc. increased its position in shares of Harley-Davidson by 237.9% during the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock valued at $39,000 after purchasing an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group dropped their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Robert W. Baird decreased their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. 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 report on Thursday, January 30th. Morgan Stanley decreased their target price 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. Finally, Citigroup reduced their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $29.83.

Harley-Davidson Stock Up 1.0 %

NYSE:HOG traded up $0.23 during mid-day trading on Friday, reaching $23.63. The company's stock had a trading volume of 1,064,414 shares, compared to its average volume of 1,890,975. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The stock has a fifty day moving average of $23.88 and a 200-day moving average of $27.89. The firm has a market capitalization of $2.92 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30.

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

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.18 per share. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Friday, February 28th. Harley-Davidson's dividend payout ratio is 26.87%.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is owned by corporate insiders.

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.