Landscape Capital Management L.L.C. Takes Position in Harley-Davidson, Inc. (NYSE:HOG)

Landscape Capital Management L.L.C. acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 135,577 shares of the company's stock, valued at approximately $5,224,000. Landscape Capital Management L.L.C. owned 0.10% of Harley-Davidson as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company's stock valued at $587,372,000 after acquiring an additional 452,536 shares during the last quarter. LSV Asset Management raised its holdings in shares of Harley-Davidson by 17.3% in the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company's stock valued at $191,372,000 after purchasing an additional 842,407 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Harley-Davidson by 33.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 124,965 shares of the company's stock valued at $5,468,000 after purchasing an additional 31,205 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Harley-Davidson by 19.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock worth $67,000 after buying an additional 320 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Harley-Davidson by 70.6% in the 1st quarter. Cetera Investment Advisers now owns 72,828 shares of the company's stock valued at $3,185,000 after buying an additional 30,143 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Insider Activity

In related news, Director Maryrose Sylvester sold 4,278 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the sale, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.87% of the company's stock.

Harley-Davidson Stock Down 0.8 %

HOG opened at $32.47 on Thursday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46. Harley-Davidson, Inc. has a 12 month low of $29.67 and a 12 month high of $44.16. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The business has a 50-day moving average of $34.92 and a two-hundred day moving average of $35.12.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a dividend of $0.1725 per share. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a yield of 2.13%. Harley-Davidson's dividend payout ratio is currently 15.54%.

Harley-Davidson announced that its board has initiated a share repurchase plan on Thursday, July 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 19.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America reduced their price target on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Citigroup cut their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Robert W. Baird lowered shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. UBS Group dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com lowered Harley-Davidson from a "hold" rating to a "sell" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $42.57.

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.

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