Northern Trust Corp Has $32.04 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Northern Trust Corp lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,063,222 shares of the company's stock after acquiring an additional 177,748 shares during the period. Northern Trust Corp owned 0.84% of Harley-Davidson worth $32,035,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HOG. Aquatic Capital Management LLC raised its holdings in shares of Harley-Davidson by 186.6% in the 4th quarter. Aquatic Capital Management LLC now owns 144,458 shares of the company's stock worth $4,353,000 after purchasing an additional 94,058 shares during the period. Nebula Research & Development LLC increased its position in Harley-Davidson by 67.1% during the 4th quarter. Nebula Research & Development LLC now owns 27,864 shares of the company's stock worth $840,000 after purchasing an additional 11,193 shares in the last quarter. Voya Investment Management LLC raised its holdings in Harley-Davidson by 21.0% in the fourth quarter. Voya Investment Management LLC now owns 56,818 shares of the company's stock valued at $1,712,000 after buying an additional 9,854 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Harley-Davidson by 7.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 76,150 shares of the company's stock valued at $2,295,000 after buying an additional 5,178 shares during the period. Finally, Pinebridge Investments L.P. lifted its position in Harley-Davidson by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 65,132 shares of the company's stock valued at $1,962,000 after buying an additional 19,485 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HOG shares. Bank of America decreased their target price on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. UBS Group dropped their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Robert W. Baird lifted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup decreased their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, DA Davidson reaffirmed a "buy" rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six 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, Harley-Davidson currently has a consensus rating of "Hold" and a consensus price target of $30.17.

Harley-Davidson Stock Down 0.2%

Harley-Davidson stock traded down $0.06 during mid-day trading on Wednesday, hitting $24.94. The company's stock had a trading volume of 1,186,622 shares, compared to its average volume of 1,892,906. The firm's 50 day moving average is $23.87 and its 200 day moving average is $27.80. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The company has a market cap of $3.03 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings results 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. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The company had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business earned $1.72 EPS. The business's quarterly revenue was down 23.2% on a year-over-year basis. On average, analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.89%. Harley-Davidson's dividend payout ratio (DPR) is 26.87%.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.93% of the stock is currently owned by corporate insiders.

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.