624,036 Shares in Harley-Davidson, Inc. (NYSE:HOG) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 624,036 shares of the company's stock, valued at approximately $18,802,000. Raymond James Financial Inc. owned approximately 0.49% of Harley-Davidson at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Harley-Davidson by 3.0% in the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company's stock worth $1,064,000 after purchasing an additional 807 shares during the period. Empowered Funds LLC lifted its stake in shares of Harley-Davidson by 21.8% in the 3rd quarter. Empowered Funds LLC now owns 14,828 shares of the company's stock worth $571,000 after acquiring an additional 2,657 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Harley-Davidson by 13.8% in the third quarter. Natixis Advisors LLC now owns 22,656 shares of the company's stock valued at $873,000 after acquiring an additional 2,756 shares in the last quarter. Quest Partners LLC increased its stake in shares of Harley-Davidson by 71,664.3% during the third quarter. Quest Partners LLC now owns 10,047 shares of the company's stock valued at $387,000 after acquiring an additional 10,033 shares during the period. Finally, Prospera Financial Services Inc bought a new stake in Harley-Davidson during the third quarter worth approximately $327,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Down 2.4 %

NYSE HOG traded down $0.60 during trading on Friday, hitting $24.65. 10,131,409 shares of the company traded hands, compared to its average volume of 1,815,102. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $44.16. The business has a fifty day simple moving average of $26.69 and a 200 day simple moving average of $31.36. The company has a market capitalization of $3.07 billion, a P/E ratio of 7.40, a PEG ratio of 0.38 and a beta of 1.49. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

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Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.25% and a return on equity of 13.64%. During the same period in the prior year, the company earned $0.18 earnings per share. As a group, sell-side analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.92%. Harley-Davidson's dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HOG shares. Robert W. Baird lowered their price target on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 31st. Citigroup dropped their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. UBS Group reduced their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Bank of America dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Morgan Stanley decreased their price target on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $33.57.

Insider Buying and Selling

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.87% of the company's stock.

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.