River Global Investors LLP Sells 43,372 Shares of Harley-Davidson, Inc. (NYSE:HOG)

River Global Investors LLP lessened its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,386 shares of the company’s stock after selling 43,372 shares during the period. River Global Investors LLP owned approximately 0.06% of Harley-Davidson worth $3,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its stake in shares of Harley-Davidson by 22.3% in the 4th quarter. National Bank of Canada FI now owns 2,054 shares of the company’s stock valued at $74,000 after purchasing an additional 374 shares in the last quarter. Arizona State Retirement System lifted its holdings in Harley-Davidson by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 38,886 shares of the company’s stock valued at $1,286,000 after purchasing an additional 384 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Harley-Davidson by 0.6% in the third quarter. Treasurer of the State of North Carolina now owns 66,502 shares of the company’s stock valued at $2,199,000 after buying an additional 388 shares in the last quarter. Lindbrook Capital LLC grew its stake in Harley-Davidson by 66.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock worth $39,000 after buying an additional 423 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Harley-Davidson by 4.0% during the third quarter. Tower Research Capital LLC TRC now owns 11,498 shares of the company’s stock worth $380,000 after buying an additional 446 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HOG. Bank of America increased their price target on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets lowered their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Morgan Stanley initiated coverage on Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target for the company. UBS Group increased their price objective on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Finally, DA Davidson boosted their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.43.

Harley-Davidson Trading Up 0.1 %

Harley-Davidson stock traded up $0.02 during trading hours on Friday, reaching $35.05. 1,439,257 shares of the company’s stock traded hands, compared to its average volume of 2,440,577. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The firm’s 50 day moving average is $39.55 and its 200-day moving average is $35.08. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.12 and a beta of 1.48.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, analysts predict that Harley-Davidson, Inc. will post 4.52 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were given a $0.1725 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, March 1st. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.33%.

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.