Norges Bank Takes Position in Harley-Davidson, Inc. (NYSE:HOG)

Norges Bank purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 365,419 shares of the company's stock, valued at approximately $11,010,000. Norges Bank owned approximately 0.29% of Harley-Davidson as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HOG. KLP Kapitalforvaltning AS bought a new stake in shares of Harley-Davidson in the 4th quarter valued at about $753,000. American Century Companies Inc. increased its holdings in shares of Harley-Davidson by 14.2% during the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock worth $105,352,000 after acquiring an additional 435,200 shares during the last quarter. Xponance Inc. raised its stake in Harley-Davidson by 6.5% in the 4th quarter. Xponance Inc. now owns 14,123 shares of the company's stock valued at $426,000 after acquiring an additional 856 shares during the period. Intech Investment Management LLC boosted its position in Harley-Davidson by 160.5% during the fourth quarter. Intech Investment Management LLC now owns 31,011 shares of the company's stock worth $934,000 after purchasing an additional 19,108 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Harley-Davidson in the fourth quarter valued at $313,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Analyst Upgrades and Downgrades

HOG has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their price objective on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Robert W. Baird cut their target price on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Bank of America decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $31.00 price target on shares of Harley-Davidson in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.00.

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Harley-Davidson Price Performance

Harley-Davidson stock traded up $1.06 during mid-day trading on Friday, reaching $22.55. The company had a trading volume of 3,743,624 shares, compared to its average volume of 1,924,498. The business has a fifty day simple moving average of $25.15 and a 200 day simple moving average of $29.61. The company has a market cap of $2.79 billion, a P/E ratio of 6.77, a P/E/G ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $40.50. 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 issued its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period last year, the firm posted $0.18 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is 21.62%.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson 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 transaction, the insider now owns 23,555 shares of the company's stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by insiders.

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.