American Century Companies Inc. Boosts Stake in Harley-Davidson, Inc. (NYSE:HOG)

American Century Companies Inc. raised its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,496,579 shares of the company's stock after purchasing an additional 435,200 shares during the quarter. American Century Companies Inc. owned approximately 2.75% of Harley-Davidson worth $105,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its stake in Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock valued at $26,000 after buying an additional 554 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Harley-Davidson during the fourth quarter valued at $42,000. Global Retirement Partners LLC raised its holdings in shares of Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after purchasing an additional 846 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Harley-Davidson during the 4th quarter valued at $65,000. Finally, Brooklyn Investment Group purchased a new stake in Harley-Davidson during the third quarter valued at $79,000. Hedge funds and other institutional investors own 85.10% of the company's stock.

Harley-Davidson Price Performance

Shares of NYSE:HOG traded down $0.07 during mid-day trading on Tuesday, reaching $25.56. The stock had a trading volume of 1,741,642 shares, compared to its average volume of 1,813,046. The company has a market cap of $3.18 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The business's 50 day moving average price is $26.58 and its 200 day moving average price is $31.11. 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, Inc. has a 1 year low of $23.81 and a 1 year high of $44.16.

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Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same period in the prior year, the company earned $0.18 EPS. Research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.18 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.82%. Harley-Davidson's payout ratio is 21.62%.

Insider Activity

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction 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 owns 23,555 shares in the company, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Robert W. Baird cut their price target on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, December 31st. UBS Group decreased their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. DA Davidson lowered 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. Finally, Morgan Stanley decreased their target price on 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $33.57.

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.