Brandywine Global Investment Management LLC Has $13.71 Million Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Brandywine Global Investment Management LLC cut its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 454,994 shares of the company's stock after selling 33,737 shares during the quarter. Brandywine Global Investment Management LLC owned 0.36% of Harley-Davidson worth $13,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HOG. Pacer Advisors Inc. raised its holdings in shares of Harley-Davidson by 30.7% during the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company's stock worth $164,754,000 after purchasing an additional 1,285,225 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Harley-Davidson during the 4th quarter valued at about $18,802,000. American Century Companies Inc. lifted its holdings in Harley-Davidson by 14.2% in the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock worth $105,352,000 after acquiring an additional 435,200 shares during the last quarter. Norges Bank bought a new position in Harley-Davidson in the fourth quarter worth about $11,010,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of 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 and hedge funds own 85.10% of the company's stock.

Insider Activity

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business's 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 sale, the insider now owns 23,555 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.87% of the company's stock.

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Harley-Davidson Price Performance

Harley-Davidson stock traded up $0.48 during trading hours on Wednesday, hitting $25.54. 1,547,425 shares of the company traded hands, compared to its average volume of 1,867,595. The firm's 50-day simple moving average is $26.14 and its two-hundred day simple moving average is $30.66. 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 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. Harley-Davidson, Inc. has a 1-year low of $23.81 and a 1-year high of $43.89.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its 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 period in the prior year, the firm posted $0.18 EPS. As a group, analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.82%. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's dividend payout ratio is currently 21.62%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HOG shares. UBS Group reduced their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Robert W. Baird reduced their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, December 31st. Citigroup dropped their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday. Bank of America reduced their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley decreased 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 research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $33.43.

Harley-Davidson Company 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.