Nebula Research & Development LLC Grows Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Nebula Research & Development LLC increased its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 67.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,864 shares of the company's stock after purchasing an additional 11,193 shares during the quarter. Nebula Research & Development LLC's holdings in Harley-Davidson were worth $840,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Donald Smith & CO. Inc. purchased a new position in Harley-Davidson during the fourth quarter valued at $50,368,000. Pacer Advisors Inc. lifted its holdings in Harley-Davidson by 30.7% during the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company's stock valued at $164,754,000 after purchasing an additional 1,285,225 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Harley-Davidson in the 4th quarter worth approximately $18,802,000. American Century Companies Inc. increased its holdings in shares of Harley-Davidson by 14.2% in the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock worth $105,352,000 after purchasing an additional 435,200 shares during the last quarter. Finally, Norges Bank bought a new stake in Harley-Davidson during the fourth quarter worth approximately $11,010,000. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Stock Performance

HOG traded up $0.64 during trading on Thursday, hitting $23.06. 3,434,339 shares of the stock were exchanged, compared to its average volume of 1,899,076. The stock has a fifty day moving average price of $24.22 and a two-hundred day moving average price of $28.53. The firm has a market capitalization of $2.85 billion, a P/E ratio of 6.92, a PEG ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93. 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 (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. Harley-Davidson's quarterly revenue was down 23.2% on a year-over-year basis. As a group, sell-side analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.12%. Harley-Davidson's dividend payout ratio is 21.62%.

Analyst Upgrades and Downgrades

HOG has been the subject of several research analyst reports. DA Davidson reaffirmed a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a research note on Wednesday, April 9th. Robert W. Baird decreased their target price on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Citigroup cut their price target 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. Finally, Morgan Stanley reduced their price target 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. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $29.83.

Insider Activity

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.93% of the company's stock.

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.