Harley-Davidson, Inc. (NYSE:HOG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 86.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,533 shares of the company's stock after acquiring an additional 23,922 shares during the quarter. Victory Capital Management Inc.'s holdings in Harley-Davidson were worth $1,553,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HOG. 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 in the last quarter. Prospera Private Wealth LLC acquired a new stake in Harley-Davidson during the third quarter valued at approximately $35,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC raised its stake 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 buying an additional 846 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Harley-Davidson during the third quarter valued at approximately $79,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Performance

HOG stock traded down $0.60 on Friday, reaching $24.65. The company's stock had a trading volume of 10,135,118 shares, compared to its average volume of 1,810,452. Harley-Davidson, Inc. has a 52 week low of $23.81 and a 52 week high of $44.16. The company has a market capitalization of $3.07 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The firm has a fifty day moving average of $26.63 and a two-hundred day moving average of $31.28. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Remove Ads

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (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 business earned $0.18 earnings per share. As a group, analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared 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. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is presently 21.62%.

Analysts Set New Price Targets

HOG has been the topic of several research reports. Citigroup cut their price objective on Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley cut their price objective 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. Bank of America lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. StockNews.com raised Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, UBS Group lowered their target price on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a 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. According to MarketBeat, Harley-Davidson presently has an average rating of "Hold" and a consensus price target of $33.57.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson 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 completion of the transaction, the insider now directly owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

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.