Harley-Davidson, Inc. (NYSE:HOG) Shares Purchased by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 559.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,680 shares of the company's stock after acquiring an additional 334,830 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.31% of Harley-Davidson worth $15,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HOG. Price T Rowe Associates Inc. MD grew its holdings in shares of Harley-Davidson by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 68,420 shares of the company's stock worth $2,993,000 after purchasing an additional 3,552 shares during the last quarter. Comerica Bank grew its holdings in shares of Harley-Davidson by 21.3% in the first quarter. Comerica Bank now owns 64,045 shares of the company's stock worth $2,801,000 after purchasing an additional 11,233 shares during the last quarter. Cetera Investment Advisers lifted its stake in Harley-Davidson by 70.6% in the first quarter. Cetera Investment Advisers now owns 72,828 shares of the company's stock worth $3,185,000 after acquiring an additional 30,143 shares during the period. Cetera Advisors LLC lifted its stake in Harley-Davidson by 17.5% in the first quarter. Cetera Advisors LLC now owns 9,941 shares of the company's stock worth $435,000 after acquiring an additional 1,482 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Harley-Davidson by 19.0% in the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock worth $67,000 after acquiring an additional 320 shares during the period. Institutional investors own 85.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on HOG shares. Robert W. Baird lowered shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Bank of America decreased their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. UBS Group decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of Harley-Davidson from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Baird R W lowered shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.57.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock traded down $0.55 during midday trading on Wednesday, hitting $33.27. The company had a trading volume of 1,359,987 shares, compared to its average volume of 1,697,987. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.46 and a beta of 1.47. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $34.12 and a 200 day simple moving average of $35.01. Harley-Davidson, Inc. has a 12-month low of $30.48 and a 12-month high of $44.16.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Tuesday, December 10th will be issued a $0.1725 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.69 annualized dividend and a yield of 2.07%. Harley-Davidson's dividend payout ratio (DPR) is presently 15.54%.

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.