Intech Investment Management LLC Buys 19,108 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Intech Investment Management LLC raised its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 160.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,011 shares of the company's stock after purchasing an additional 19,108 shares during the period. Intech Investment Management LLC's holdings in Harley-Davidson were worth $934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MML Investors Services LLC raised its holdings in Harley-Davidson by 4.7% during the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company's stock worth $325,000 after purchasing an additional 379 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of 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. Victory Capital Management Inc. raised its stake in Harley-Davidson by 3.0% during the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company's stock worth $1,064,000 after buying an additional 807 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Harley-Davidson by 1.7% in the third quarter. Toronto Dominion Bank now owns 49,995 shares of the company's stock valued at $1,926,000 after buying an additional 815 shares during the period. Finally, Global Retirement Partners LLC boosted its position in 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 acquiring an additional 846 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HOG shares. DA Davidson dropped their price objective on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. StockNews.com raised Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Robert W. Baird reduced their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, December 31st. Morgan Stanley dropped their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. 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 report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.57.

Insiders Place Their Bets

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the business's 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 owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company's stock.

Harley-Davidson Stock Down 0.2 %

Shares of Harley-Davidson stock traded down $0.06 during trading hours on Tuesday, reaching $25.58. The company's stock had a trading volume of 623,722 shares, compared to its average volume of 1,813,763. The company has a market capitalization of $3.19 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.38 and a beta of 1.49. The stock's fifty day simple moving average is $26.58 and its two-hundred day simple moving average is $31.11. Harley-Davidson, Inc. has a one year low of $23.81 and a one year high of $44.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced 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 net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, research analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.82%. Harley-Davidson's dividend payout ratio (DPR) 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.