Raymond James Financial Inc. Buys Shares of 624,036 Harley-Davidson, Inc. (NYSE:HOG)

Raymond James Financial Inc. purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 624,036 shares of the company's stock, valued at approximately $18,802,000. Raymond James Financial Inc. owned 0.49% of Harley-Davidson as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its stake in Harley-Davidson by 12.6% during the 4th quarter. Invesco Ltd. now owns 707,030 shares of the company's stock worth $21,303,000 after purchasing an additional 79,374 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Harley-Davidson by 23.3% during the fourth quarter. Federated Hermes Inc. now owns 16,124 shares of the company's stock worth $486,000 after buying an additional 3,051 shares in the last quarter. Donald Smith & CO. Inc. purchased a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $50,368,000. Villanova Investment Management Co LLC raised its holdings in Harley-Davidson by 10.7% in the fourth quarter. Villanova Investment Management Co LLC now owns 41,544 shares of the company's stock valued at $1,252,000 after acquiring an additional 4,031 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Harley-Davidson by 201.8% in the fourth quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock worth $57,000 after acquiring an additional 1,263 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Insider Buying and Selling at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HOG. DA Davidson restated a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a report on Wednesday, April 9th. Robert W. Baird decreased their price target on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Bank of America dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Morgan Stanley decreased their target price on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Citigroup dropped their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Harley-Davidson currently has a consensus rating of "Hold" and an average price target of $32.00.

Harley-Davidson Stock Performance

Shares of NYSE HOG traded up $0.57 during midday trading on Thursday, reaching $23.66. 1,119,676 shares of the company were exchanged, compared to its average volume of 2,470,362. The stock has a market cap of $2.93 billion, a P/E ratio of 7.11, a PEG ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The stock has a fifty day simple moving average of $24.54 and a 200 day simple moving average of $28.90. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

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

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.18 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 3.04%. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's dividend payout ratio (DPR) is presently 21.62%.

Harley-Davidson 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.