Harley-Davidson, Inc. (NYSE:HOG) Stake Lifted by Brickwood Asset Management LLP

Brickwood Asset Management LLP grew its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 24.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,145,259 shares of the company's stock after acquiring an additional 223,146 shares during the quarter. Harley-Davidson accounts for approximately 22.2% of Brickwood Asset Management LLP's portfolio, making the stock its 4th largest holding. Brickwood Asset Management LLP owned about 0.93% of Harley-Davidson worth $28,918,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Donald Smith & CO. Inc. bought a new position in shares of Harley-Davidson during the fourth quarter valued at about $50,368,000. Proficio Capital Partners LLC purchased a new stake in Harley-Davidson in the 4th quarter valued at about $1,341,000. Norges Bank purchased a new stake in Harley-Davidson in the 4th quarter valued at about $11,010,000. Bank of New York Mellon Corp lifted its position in shares of Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock worth $44,295,000 after buying an additional 157,939 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Harley-Davidson by 160.5% in the 4th quarter. Intech Investment Management LLC now owns 31,011 shares of the company's stock worth $934,000 after buying an additional 19,108 shares during the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Trading Down 1.3%

HOG stock traded down $0.30 during midday trading on Wednesday, hitting $23.28. The company had a trading volume of 1,513,931 shares, compared to its average volume of 1,942,249. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.47 and a beta of 1.32. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93. The company has a current ratio of 1.56, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock's 50 day moving average price is $23.94 and its 200 day moving average price is $26.02.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. Harley-Davidson's revenue was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 EPS. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 3.09%. Harley-Davidson's dividend payout ratio is 26.87%.

Analysts Set New Price Targets

HOG has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Citigroup raised their target price on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, DA Davidson reissued a "buy" rating and issued a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $30.00.

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.