Harley-Davidson, Inc. (NYSE:HOG) Stake Lessened by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 95.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,565 shares of the company's stock after selling 1,095,252 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Harley-Davidson were worth $1,403,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its position in Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after buying an additional 554 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson during the fourth quarter worth approximately $42,000. Global Retirement Partners LLC boosted its holdings in shares of Harley-Davidson by 84.3% in the 4th 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 position in shares of Harley-Davidson in the 4th quarter worth about $65,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Harley-Davidson by 62.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,156 shares of the company's stock worth $95,000 after purchasing an additional 1,215 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated 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 transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. This represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HOG. Citigroup lowered their price target on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. UBS Group dropped their target price on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. DA Davidson reiterated a "buy" rating and set a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Bank of America reduced their target price on shares of 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, Robert W. Baird lowered their price target on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Harley-Davidson has an average rating of "Hold" and an average target price of $32.00.

Harley-Davidson Stock Performance

NYSE HOG traded up $0.06 during trading hours on Monday, reaching $22.60. The company's stock had a trading volume of 1,897,086 shares, compared to its average volume of 1,924,389. 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 business has a 50-day simple moving average of $25.08 and a 200 day simple moving average of $29.49. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $40.50. The stock has a market cap of $2.80 billion, a PE ratio of 6.79, a PEG ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.64% and a net margin of 9.25%. During the same period in the prior year, the company earned $0.18 EPS. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.18 dividend. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 3.19%. Harley-Davidson's dividend payout ratio is 21.62%.

About Harley-Davidson

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.