Skylands Capital LLC Purchases Shares of 24,100 Harley-Davidson, Inc. (NYSE:HOG)

Skylands Capital LLC purchased a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,100 shares of the company's stock, valued at approximately $726,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HOG. Hussman Strategic Advisors Inc. bought a new stake in shares of Harley-Davidson in the 4th quarter worth about $1,898,000. Handelsbanken Fonder AB lifted its stake in Harley-Davidson by 9.6% in the fourth quarter. Handelsbanken Fonder AB now owns 35,323 shares of the company's stock worth $1,064,000 after purchasing an additional 3,100 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after buying an additional 846 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Harley-Davidson in the fourth quarter worth approximately $236,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Robert W. Baird cut their price objective 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. Morgan Stanley dropped their target price on shares of 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. Bank of America decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. DA Davidson dropped their price objective on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group decreased their target price on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Harley-Davidson presently has a consensus rating of "Hold" and a consensus target price of $33.57.

Harley-Davidson Stock Up 0.1 %

Shares of NYSE:HOG traded up $0.02 on Thursday, reaching $26.36. The company had a trading volume of 2,364,310 shares, compared to its average volume of 2,251,897. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $3.36 billion, a PE ratio of 7.91, a PEG ratio of 0.38 and a beta of 1.46. Harley-Davidson, Inc. has a 52-week low of $25.25 and a 52-week high of $44.16. The firm's 50 day simple moving average is $28.12 and its 200-day simple moving average is $32.58.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced 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 return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the prior year, the company earned $0.18 earnings per share. As a group, analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.73%. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date is Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is 21.62%.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company's stock.

About Harley-Davidson

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.