Oppenheimer & Co. Inc. Purchases Shares of 22,914 Harley-Davidson, Inc. (NYSE:HOG)

Oppenheimer & Co. Inc. purchased a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,914 shares of the company's stock, valued at approximately $690,000.

Several other hedge funds have also recently bought and sold shares of HOG. MML Investors Services LLC lifted its position in Harley-Davidson by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company's stock worth $325,000 after buying an additional 379 shares in the last quarter. Covestor Ltd increased its stake in shares of Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company's stock worth $135,000 after acquiring an additional 448 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares in the last quarter. Victory Capital Management Inc. boosted its position in Harley-Davidson by 3.0% during the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company's stock valued at $1,064,000 after purchasing an additional 807 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in Harley-Davidson by 1.7% in the third quarter. Toronto Dominion Bank now owns 49,995 shares of the company's stock valued at $1,926,000 after purchasing an additional 815 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HOG has been the subject of a number of recent research reports. UBS Group cut their price target on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. DA Davidson cut their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. StockNews.com raised shares of Harley-Davidson from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Bank of America dropped their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Citigroup decreased their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.57.

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Harley-Davidson Stock Performance

Shares of NYSE:HOG traded up $1.01 during trading on Monday, reaching $27.10. The stock had a trading volume of 5,462,665 shares, compared to its average volume of 1,782,773. 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 stock has a fifty day simple moving average of $27.47 and a two-hundred day simple moving average of $32.06. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a 52 week low of $23.82 and a 52 week high of $44.16.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share 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 last year, the business posted $0.18 EPS. As a group, analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.18 per share. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.66%. Harley-Davidson's dividend payout ratio is presently 21.62%.

Insider Buying and Selling at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company's stock.

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.