Harley-Davidson, Inc. (NYSE:HOG) Shares Acquired by Brickwood Asset Management LLP

Brickwood Asset Management LLP increased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 24.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,145,259 shares of the company’s stock after buying an additional 223,146 shares during the period. Harley-Davidson comprises approximately 22.2% of Brickwood Asset Management LLP’s holdings, making the stock its 4th biggest position. Brickwood Asset Management LLP’s holdings in Harley-Davidson were worth $28,918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HOG. Donald Smith & CO. Inc. acquired a new position in Harley-Davidson during the 4th quarter valued at about $50,368,000. Raymond James Financial Inc. acquired a new position in Harley-Davidson during the 4th quarter valued at about $18,802,000. American Century Companies Inc. boosted its stake in Harley-Davidson by 14.2% during the 4th 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 during the period. Norges Bank acquired a new position in Harley-Davidson during the 4th quarter valued at about $11,010,000. Finally, Dimensional Fund Advisors LP boosted its stake in Harley-Davidson by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company’s stock valued at $205,940,000 after purchasing an additional 332,928 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Stock Down 0.1%

HOG stock opened at $23.34 on Friday. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. The firm’s 50-day moving average is $23.88 and its two-hundred day moving average is $26.15. The company has a current ratio of 1.56, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.27. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The company had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $1.72 EPS. Harley-Davidson’s revenue was down 23.2% on a year-over-year basis. On average, analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.09%. Harley-Davidson’s dividend payout ratio (DPR) is 26.87%.

Analysts Set New Price Targets

A number of research analysts have issued reports on HOG shares. Robert W. Baird boosted their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 14th. DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research note on Wednesday, April 9th. Finally, Citigroup boosted their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.00.

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.