Harley-Davidson, Inc. (NYSE:HOG) Position Cut by PDT Partners LLC

PDT Partners LLC reduced its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 71.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,668 shares of the company's stock after selling 54,492 shares during the quarter. PDT Partners LLC's holdings in Harley-Davidson were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HOG. Venturi Wealth Management LLC increased its stake 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 acquiring an additional 554 shares during the last quarter. Bessemer Group Inc. increased its position in Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after purchasing an additional 916 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Harley-Davidson in the 4th quarter valued at $42,000. Global Retirement Partners LLC grew its stake in shares of 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 buying an additional 846 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Harley-Davidson by 201.8% during the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock worth $57,000 after buying an additional 1,263 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Stock Up 1.3 %

Shares of NYSE HOG traded up $0.31 during midday trading on Monday, reaching $23.82. 2,058,650 shares of the company's stock were exchanged, compared to its average volume of 1,910,765. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93. The business's fifty day moving average price is $24.09 and its two-hundred day moving average price is $28.25. The stock has a market capitalization of $2.95 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its 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. 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 for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $1.72 EPS. Harley-Davidson's quarterly revenue was down 23.2% on a year-over-year basis. Analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's dividend payout ratio is 21.62%.

Insider Buying and Selling

In other 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 value of $88,264.00. Following 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.93% of the company's stock.

Analysts Set New Price Targets

HOG has been the subject of several research analyst reports. Citigroup dropped 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. DA Davidson restated a "buy" rating and issued a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Morgan Stanley decreased their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Robert W. Baird reduced their target price on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, Bank of America lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Harley-Davidson currently has an average rating of "Hold" and a consensus target price of $29.83.

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.