Invesco Ltd. Increases Stake in Harley-Davidson, Inc. (NYSE:HOG)

Invesco Ltd. lifted its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 707,030 shares of the company's stock after purchasing an additional 79,374 shares during the quarter. Invesco Ltd. owned 0.56% of Harley-Davidson worth $21,303,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Donald Smith & CO. Inc. purchased a new position in Harley-Davidson in the 4th quarter worth approximately $50,368,000. Proficio Capital Partners LLC bought a new stake in Harley-Davidson in the fourth quarter valued at approximately $1,341,000. Hussman Strategic Advisors Inc. bought a new stake in Harley-Davidson during the 4th quarter valued at $1,898,000. Norges Bank purchased a new stake in shares of Harley-Davidson during the fourth quarter worth about $11,010,000. Finally, Bank of New York Mellon Corp lifted its holdings in Harley-Davidson by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock worth $44,295,000 after buying an additional 157,939 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Insider Transactions at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.93% of the company's stock.

Analyst Ratings Changes

HOG has been the subject of several research analyst reports. UBS Group dropped their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Bank of America cut their target price on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Morgan Stanley dropped their price target on shares of 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. Robert W. Baird reduced their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $32.00.

Harley-Davidson Stock Performance

Shares of NYSE HOG traded up $0.25 during trading on Thursday, reaching $23.34. 348,139 shares of the company traded hands, compared to its average volume of 1,918,898. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The firm has a 50 day simple moving average of $24.54 and a 200-day simple moving average of $28.90. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93. The stock has a market capitalization of $2.89 billion, a PE ratio of 7.00, a P/E/G ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results 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 quarter in the prior year, the company posted $0.18 earnings per share. Equities research analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.18 dividend. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.09%. Harley-Davidson's dividend payout ratio (DPR) is presently 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.