Harley-Davidson, Inc. (NYSE:HOG) Stock Position Trimmed by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 97.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 39,543 shares of the company's stock after selling 1,529,208 shares during the period. Brown Advisory Inc.'s holdings in Harley-Davidson were worth $998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after acquiring an additional 949 shares during the period. CX Institutional purchased a new position in shares of Harley-Davidson in the 1st quarter valued at $28,000. UMB Bank n.a. raised its stake in shares of Harley-Davidson by 153.6% in the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after acquiring an additional 791 shares during the period. Bessemer Group Inc. raised its stake in shares of Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock valued at $39,000 after acquiring an additional 916 shares during the period. Finally, IMG Wealth Management Inc. purchased a new position in shares of Harley-Davidson in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Down 2.6%

HOG stock traded down $0.64 during mid-day trading on Tuesday, hitting $24.00. 1,242,743 shares of the company were exchanged, compared to its average volume of 1,936,087. The company has a market capitalization of $2.92 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. The company has a current ratio of 1.56, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $39.93. The firm has a fifty day simple moving average of $24.40 and a 200 day simple moving average of $25.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The company had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business earned $1.72 EPS. The firm's revenue for the quarter was down 23.2% compared to the same quarter last year. On average, research analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. Harley-Davidson's payout ratio is currently 26.87%.

Analyst Ratings Changes

A number of brokerages have recently commented on HOG. Robert W. Baird raised their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. DA Davidson reaffirmed a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. UBS Group lowered their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, Citigroup raised their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, June 16th. 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.83.

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.