Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. cut its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,561,262 shares of the company's stock after selling 25,983 shares during the period. Beutel Goodman & Co Ltd. owned 5.94% of Harley-Davidson worth $227,820,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its stake in shares of Harley-Davidson by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 24,158 shares of the company's stock valued at $931,000 after purchasing an additional 858 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Harley-Davidson in the third quarter valued at approximately $79,000. Townsquare Capital LLC purchased a new stake in shares of Harley-Davidson in the third quarter valued at approximately $214,000. Glenmede Trust Co. NA raised its stake in shares of Harley-Davidson by 4.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 298,071 shares of the company's stock worth $11,485,000 after buying an additional 11,684 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of Harley-Davidson by 35.2% during the 3rd quarter. Verition Fund Management LLC now owns 97,805 shares of the company's stock valued at $3,768,000 after buying an additional 25,472 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HOG shares. UBS Group cut their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. DA Davidson reduced their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Robert W. Baird lowered their price objective on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, December 31st. Bank of America reduced 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. Finally, Morgan Stanley dropped their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Harley-Davidson presently has an average rating of "Hold" and a consensus target price of $33.43.

Insider Activity at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now directly owns 23,555 shares in the company, valued at approximately $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 accessible through this link. 0.87% of the stock is currently owned by insiders.

Harley-Davidson Trading Up 1.9 %

NYSE:HOG traded up $0.48 during trading hours on Wednesday, hitting $25.54. The company had a trading volume of 395,037 shares, compared to its average volume of 1,863,162. Harley-Davidson, Inc. has a 1 year low of $23.81 and a 1 year high of $43.89. The company has a market cap of $3.18 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.38 and a beta of 1.49. The company has a 50-day moving average of $26.14 and a 200 day moving average of $30.66. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced 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 net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the previous year, the business posted $0.18 earnings per share. Sell-side analysts expect 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's payout ratio is presently 21.62%.

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.