Hussman Strategic Advisors Inc. Purchases New Stake in Harley-Davidson, Inc. (NYSE:HOG)

Hussman Strategic Advisors Inc. acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 63,000 shares of the company's stock, valued at approximately $1,898,000.

Several other hedge funds also recently made changes to their positions in HOG. Blue Trust Inc. increased its stake in shares of Harley-Davidson by 23.5% during the third quarter. Blue Trust Inc. now owns 3,659 shares of the company's stock worth $141,000 after acquiring an additional 697 shares during the period. Raymond James & Associates increased its position in Harley-Davidson by 5.0% during the 3rd quarter. Raymond James & Associates now owns 647,000 shares of the company's stock worth $24,929,000 after purchasing an additional 30,725 shares during the period. Allspring Global Investments Holdings LLC increased its position in Harley-Davidson by 289.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,442 shares of the company's stock worth $287,000 after purchasing an additional 5,531 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $294,000. Finally, Verity Asset Management Inc. lifted its holdings in shares of Harley-Davidson by 28.3% in the 3rd quarter. Verity Asset Management Inc. now owns 8,396 shares of the company's stock valued at $323,000 after buying an additional 1,851 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.

Insider Activity at Harley-Davidson

In related 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 transaction of $88,264.00. Following the sale, the insider now owns 23,555 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.87% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HOG. UBS Group dropped their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday. Bank of America lowered their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded shares of Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Robert W. Baird lowered their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 31st. Finally, Citigroup reduced their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $33.57.

Harley-Davidson Price Performance

NYSE:HOG traded up $0.15 during mid-day trading on Monday, hitting $26.57. 878,015 shares of the company's stock traded hands, compared to its average volume of 2,245,300. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The company has a market cap of $3.38 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46. The firm's 50 day simple moving average is $28.49 and its 200 day simple moving average is $32.79. Harley-Davidson, Inc. has a 1 year low of $25.25 and a 1 year high of $44.16.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company earned $0.18 EPS. Sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.18 dividend. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, February 28th. Harley-Davidson's dividend payout ratio is currently 21.62%.

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.