Harley-Davidson, Inc. (NYSE:HOG) Stock Position Lowered by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 430,044 shares of the company's stock after selling 35,535 shares during the quarter. Nuveen Asset Management LLC owned 0.34% of Harley-Davidson worth $12,957,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock valued at $26,000 after buying an additional 554 shares during the period. Bessemer Group Inc. grew its stake in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Harley-Davidson during the 4th quarter valued at approximately $42,000. 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 valued at $56,000 after purchasing an additional 846 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in 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 purchasing an additional 1,263 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HOG shares. Citigroup lowered their price objective on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. DA Davidson restated a "buy" rating and set a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. UBS Group decreased their target price on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. 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, Robert W. Baird lifted their target price on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Harley-Davidson has a consensus rating of "Hold" and a consensus price target of $30.17.

Harley-Davidson Stock Performance

Shares of HOG traded down $0.18 during mid-day trading on Friday, hitting $24.21. The stock had a trading volume of 1,688,598 shares, compared to its average volume of 1,941,512. The company has a market cap of $2.94 billion, a PE ratio of 7.27, a PEG ratio of 0.38 and a beta of 1.30. The company's fifty day simple moving average is $23.69 and its two-hundred day simple moving average is $27.10. 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 fifty-two week low of $20.45 and a fifty-two week high of $39.93.

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. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The business had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The business's revenue for the quarter was down 23.2% compared to the same quarter last year. On average, equities analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.97%. Harley-Davidson's dividend 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.