By otakuyassine3@gmail.com 
Oppenheimer & Co. Inc. acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 22,914 shares of the company’s stock, valued at approximately $690,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOG. Private Advisor Group LLC acquired a new stake in Harley-Davidson in the 3rd quarter valued at about $294,000. Verity Asset Management Inc. grew its position in shares of Harley-Davidson by 28.3% during the 3rd quarter. Verity Asset Management Inc. now owns 8,396 shares of the company’s stock worth $323,000 after buying an additional 1,851 shares during the period. Leavell Investment Management Inc. acquired a new stake in shares of Harley-Davidson during the 3rd quarter worth approximately $211,000. Covestor Ltd grew its position in shares of Harley-Davidson by 14.7% during the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after buying an additional 448 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in shares of Harley-Davidson by 2.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 74,160 shares of the company’s stock worth $2,857,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.
Harley-Davidson Stock Up 1.3 %
Harley-Davidson stock opened at $25.44 on Friday. The company’s 50 day simple moving average is $27.66 and its 200 day simple moving average is $32.24. Harley-Davidson, Inc. has a fifty-two week low of $23.82 and a fifty-two week high of $44.16. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.38 and a beta of 1.46. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.
Harley-Davidson (NYSE:HOG – Get Free Report) last announced its quarterly earnings results 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 quarter in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.
Harley-Davidson Increases Dividend
The business also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is presently 21.62%.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Bank of America lowered 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 report on Thursday, January 30th. Robert W. Baird lowered their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Citigroup lowered their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Morgan Stanley lowered their price target on shares of 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. Finally, UBS Group lowered their price target 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. Six 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, the company has an average rating of “Hold” and an average price target of $33.57.
Get Our Latest Research Report on Harley-Davidson
Insider Buying and Selling at Harley-Davidson
In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred on 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. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.
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