Renaissance Technologies LLC Sells 37,200 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Renaissance Technologies LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 307,200 shares of the company's stock after selling 37,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of Harley-Davidson worth $9,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOG. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $50,368,000. Pacer Advisors Inc. grew its position in Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company's stock worth $164,754,000 after acquiring an additional 1,285,225 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Harley-Davidson in the 4th quarter worth about $18,802,000. American Century Companies Inc. boosted its stake in shares of Harley-Davidson by 14.2% during the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock valued at $105,352,000 after purchasing an additional 435,200 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Harley-Davidson during the fourth quarter worth about $11,010,000. 85.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's 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 transaction, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is owned by company insiders.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $22.56 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $40.14. The firm has a 50 day moving average of $24.81 and a 200-day moving average of $29.28. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate 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 business posted $0.18 EPS. On average, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. 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 is presently 21.62%.

Analyst Ratings Changes

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

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.

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