River Global Investors LLP trimmed its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,386 shares of the company's stock after selling 43,372 shares during the quarter. River Global Investors LLP owned approximately 0.06% of Harley-Davidson worth $3,036,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in HOG. National Bank of Canada FI lifted its holdings in shares of Harley-Davidson by 22.3% during the fourth quarter. National Bank of Canada FI now owns 2,054 shares of the company's stock worth $74,000 after buying an additional 374 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Harley-Davidson by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 38,886 shares of the company's stock valued at $1,286,000 after acquiring an additional 384 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Harley-Davidson by 0.6% during the third quarter. Treasurer of the State of North Carolina now owns 66,502 shares of the company's stock valued at $2,199,000 after purchasing an additional 388 shares in the last quarter. Lindbrook Capital LLC boosted its position in Harley-Davidson by 66.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company's stock worth $39,000 after buying an additional 423 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Harley-Davidson by 4.0% in the third quarter. Tower Research Capital LLC TRC now owns 11,498 shares of the company's stock worth $380,000 after purchasing an additional 446 shares during the last quarter. Institutional investors own 85.10% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on HOG. UBS Group upped their target price on Harley-Davidson from $29.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. Citigroup boosted their price objective on Harley-Davidson from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. DA Davidson raised their target price on Harley-Davidson from $42.00 to $49.00 and gave the company a "buy" rating in a report on Thursday, April 11th. Morgan Stanley initiated coverage on Harley-Davidson in a report on Tuesday, April 23rd. They set an "overweight" rating and a $50.00 price target for the company. Finally, Bank of America increased their price target on Harley-Davidson from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Harley-Davidson currently has a consensus rating of "Moderate Buy" and an average price target of $46.43.
Read Our Latest Research Report on HOG
Harley-Davidson Stock Performance
Shares of NYSE HOG traded up $0.02 during midday trading on Friday, hitting $35.05. The company's stock had a trading volume of 1,439,257 shares, compared to its average volume of 2,440,577. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 1.12 and a beta of 1.48. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average price of $39.55 and a 200 day moving average price of $35.08. Harley-Davidson, Inc. has a one year low of $25.43 and a one year high of $44.16.
Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.24. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.42 billion. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. On average, research analysts forecast that Harley-Davidson, Inc. will post 4.52 EPS for the current fiscal year.
Harley-Davidson Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a dividend of $0.1725 per share. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 dividend on an annualized basis and a yield of 1.97%. Harley-Davidson's dividend payout ratio is 15.33%.
Harley-Davidson Company Profile
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Free Report)
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.
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