Pinebridge Investments L.P. Increases Stake in Harley-Davidson, Inc. (NYSE:HOG)

Pinebridge Investments L.P. increased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,132 shares of the company's stock after buying an additional 19,485 shares during the quarter. Pinebridge Investments L.P. owned 0.05% of Harley-Davidson worth $1,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TD Waterhouse Canada Inc. lifted its stake in shares of Harley-Davidson by 7.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 42,589 shares of the company's stock valued at $1,283,000 after acquiring an additional 2,813 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Harley-Davidson by 5.5% during the 4th quarter. MetLife Investment Management LLC now owns 64,664 shares of the company's stock worth $1,948,000 after acquiring an additional 3,396 shares during the last quarter. Natixis acquired a new stake in Harley-Davidson in the fourth quarter valued at $3,675,000. Dimensional Fund Advisors LP lifted its stake in shares of Harley-Davidson by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock worth $205,940,000 after acquiring an additional 332,928 shares during the period. Finally, Guggenheim Capital LLC increased its position in shares of Harley-Davidson by 29.1% during the fourth quarter. Guggenheim Capital LLC now owns 10,127 shares of the company's stock worth $305,000 after buying an additional 2,285 shares during the period. Institutional investors own 85.10% of the company's stock.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.93% of the company's stock.

Harley-Davidson Trading Up 2.1 %

Shares of HOG traded up $0.48 during trading hours on Friday, reaching $23.52. 2,521,190 shares of the company traded hands, compared to its average volume of 1,905,252. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The stock's fifty day moving average price is $24.15 and its 200 day moving average price is $28.44. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.38 and a beta of 1.28. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.27. The business had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company's revenue for the quarter was down 23.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 EPS. Sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.06%. 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 payout ratio is 21.62%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HOG. Morgan Stanley reduced their price objective on 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. UBS Group decreased their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Bank of America dropped their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Robert W. Baird reduced their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Finally, DA Davidson reiterated 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $29.83.

Harley-Davidson Company 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.