Brickwood Asset Management LLP Purchases Shares of 922,113 Harley-Davidson, Inc. (NYSE:HOG)

Brickwood Asset Management LLP acquired a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 922,113 shares of the company's stock, valued at approximately $27,783,000. Harley-Davidson comprises about 22.0% of Brickwood Asset Management LLP's holdings, making the stock its 3rd largest holding. Brickwood Asset Management LLP owned approximately 0.72% of Harley-Davidson as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HOG. Venturi Wealth Management LLC grew its holdings 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 purchasing an additional 554 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Harley-Davidson by 18.8% during 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. Deutsche Bank AG boosted its position 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 worth $346,000 after purchasing an additional 831 shares in the last quarter. Global Retirement Partners LLC grew its stake in 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 last quarter. Finally, Xponance Inc. increased its position in 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 buying an additional 856 shares in the last quarter. Institutional investors own 85.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HOG shares. 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. Morgan Stanley decreased their price objective on shares of 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. UBS Group dropped their target price 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. Robert W. Baird raised their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Finally, DA Davidson reiterated a "buy" rating and set a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. 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 stock. According to MarketBeat.com, Harley-Davidson presently has an average rating of "Hold" and an average price target of $30.17.

Harley-Davidson Stock Performance

HOG traded down $0.01 during trading on Wednesday, reaching $24.70. 578,551 shares of the company's stock were exchanged, compared to its average volume of 1,923,784. 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, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The company's fifty day simple moving average is $23.75 and its 200-day simple moving average is $27.26. The stock has a market capitalization of $3.00 billion, a P/E ratio of 7.41, 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 for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. The firm had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The business's quarterly revenue was down 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 earnings per share. As a group, research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid 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 dividend yield of 2.92%. Harley-Davidson's payout ratio is currently 26.87%.

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.