Pinebridge Investments L.P. Grows Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Pinebridge Investments L.P. increased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,132 shares of the company's stock after purchasing an additional 19,485 shares during the period. Pinebridge Investments L.P. owned approximately 0.05% of Harley-Davidson worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HOG. TD Waterhouse Canada Inc. raised its stake in shares of Harley-Davidson by 7.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 42,589 shares of the company's stock valued at $1,283,000 after buying an additional 2,813 shares during the last quarter. MetLife Investment Management LLC raised its position in Harley-Davidson by 5.5% during the fourth quarter. MetLife Investment Management LLC now owns 64,664 shares of the company's stock valued at $1,948,000 after acquiring an additional 3,396 shares in the last quarter. Natixis acquired a new position in Harley-Davidson in the fourth quarter valued at approximately $3,675,000. Dimensional Fund Advisors LP boosted its position in Harley-Davidson by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock worth $205,940,000 after purchasing an additional 332,928 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in shares of Harley-Davidson by 29.1% during the 4th quarter. Guggenheim Capital LLC now owns 10,127 shares of the company's stock worth $305,000 after purchasing an additional 2,285 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Stock Down 0.8 %

Shares of HOG opened at $23.50 on Monday. The stock has a 50 day moving average price of $24.44 and a 200 day moving average price of $28.69. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) 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 last year, the firm earned $0.18 earnings per share. Equities research analysts forecast 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.06%. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is 21.62%.

Insider Transactions at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup lowered their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Robert W. Baird dropped their target price on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. UBS Group reduced their price target on 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 reissued a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, 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 research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.83.

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.

Want to see what other hedge funds are holding HOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harley-Davidson, Inc. (NYSE:HOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.