Edgestream Partners L.P. Invests $1.17 Million in Harley-Davidson, Inc. (NYSE:HOG)

Edgestream Partners L.P. bought 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 Form 13F filing with the Securities & Exchange Commission. The firm bought 38,760 shares of the company's stock, valued at approximately $1,168,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Harley-Davidson by 22,680.0% in the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company's stock valued at $161,166,000 after purchasing an additional 4,164,502 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Harley-Davidson in the fourth quarter valued at about $18,802,000. Hotchkis & Wiley Capital Management LLC raised its stake in Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company's stock valued at $15,207,000 after purchasing an additional 334,830 shares in the last quarter. Barclays PLC raised its stake in Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company's stock valued at $10,900,000 after purchasing an additional 162,899 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock valued at $44,295,000 after purchasing an additional 157,939 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Performance

NYSE:HOG opened at $26.02 on Wednesday. The stock has a market cap of $3.24 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. 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's 50-day moving average is $27.33 and its 200-day moving average is $31.91. Harley-Davidson, Inc. has a 1-year low of $23.82 and a 1-year high of $44.16.

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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 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 in the prior year, the firm earned $0.18 EPS. Equities research analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.18 per share. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, February 28th. Harley-Davidson's payout ratio is 21.62%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HOG. DA Davidson dropped their price target on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Robert W. Baird dropped their price target 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. Morgan Stanley dropped their price target on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Citigroup decreased their target price on Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Finally, UBS Group decreased their target price on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $33.57.

Insider Transactions at Harley-Davidson

In related 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 value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares of the company's stock, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company's stock.

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.

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