Franklin Resources Inc. Takes Position in Harley-Davidson, Inc. (NYSE:HOG)

Franklin Resources Inc. acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 76,844 shares of the company's stock, valued at approximately $2,725,000. Franklin Resources Inc. owned approximately 0.06% of Harley-Davidson as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in Harley-Davidson by 22,680.0% during the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company's stock valued at $161,166,000 after acquiring an additional 4,164,502 shares in the last quarter. LSV Asset Management raised its holdings in shares of Harley-Davidson by 17.3% in the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company's stock valued at $191,372,000 after acquiring an additional 842,407 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Harley-Davidson by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company's stock worth $209,576,000 after purchasing an additional 708,260 shares in the last quarter. American Century Companies Inc. increased its position in shares of Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company's stock worth $75,932,000 after purchasing an additional 678,092 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Harley-Davidson by 559.4% during 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 during the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Trading Down 0.1 %

Shares of Harley-Davidson stock traded down $0.04 during midday trading on Thursday, reaching $30.79. 592,856 shares of the company's stock traded hands, compared to its average volume of 1,682,275. The stock has a 50 day moving average of $32.71 and a 200-day moving average of $34.63. Harley-Davidson, Inc. has a 12 month low of $29.74 and a 12 month high of $44.16. The company has a market cap of $3.92 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson's payout ratio is 15.54%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HOG. Baird R W cut shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 2nd. UBS Group dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Bank of America lowered their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Robert W. Baird downgraded Harley-Davidson from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Citigroup dropped their price objective on Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.57.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the transaction, the director now owns 17,687 shares of the company's stock, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

Harley-Davidson 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.