Hussman Strategic Advisors Inc. Takes Position in Harley-Davidson, Inc. (NYSE:HOG)

Hussman Strategic Advisors Inc. bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 63,000 shares of the company's stock, valued at approximately $1,898,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HOG. Handelsbanken Fonder AB grew its holdings in Harley-Davidson by 9.6% in the fourth quarter. Handelsbanken Fonder AB now owns 35,323 shares of the company's stock valued at $1,064,000 after purchasing an additional 3,100 shares during the period. Global Retirement Partners LLC lifted its position in shares of Harley-Davidson by 84.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after acquiring an additional 846 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Harley-Davidson during the 4th quarter worth $236,000. Venturi Wealth Management LLC lifted its stake in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after purchasing an additional 554 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Harley-Davidson by 23.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 64,155 shares of the company's stock worth $1,933,000 after buying an additional 12,093 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HOG. Morgan Stanley lowered their price objective on 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. DA Davidson cut their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. 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. Bank of America cut their target price 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. Finally, Robert W. Baird reduced their price objective on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, December 31st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Harley-Davidson presently has a consensus rating of "Hold" and a consensus target price of $33.57.

Harley-Davidson Trading Down 1.8 %

NYSE:HOG traded down $0.48 on Friday, hitting $26.47. 1,760,286 shares of the stock were exchanged, compared to its average volume of 2,288,014. Harley-Davidson, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $44.16. The stock has a fifty day moving average of $28.49 and a 200-day moving average of $32.83. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.37 billion, a PE ratio of 7.95, a PEG ratio of 0.37 and a beta of 1.46.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share 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 in the previous year, the firm posted $0.18 earnings per share. As a group, equities analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.72%. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is presently 20.72%.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by company 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.