Harley-Davidson, Inc. (NYSE:HOG) Position Trimmed by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 39.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,051 shares of the company’s stock after selling 7,102 shares during the period. Federated Hermes Inc.’s holdings in Harley-Davidson were worth $407,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HOG. BKM Wealth Management LLC acquired a new position in shares of Harley-Davidson in the fourth quarter worth $36,000. Headinvest LLC bought a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $52,000. Covestor Ltd increased its holdings in Harley-Davidson by 105.0% in the third quarter. Covestor Ltd now owns 2,144 shares of the company’s stock worth $71,000 after buying an additional 1,098 shares during the last quarter. Leavell Investment Management Inc. bought a new position in Harley-Davidson during the fourth quarter valued at approximately $202,000. Finally, Raymond James Trust N.A. acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $259,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HOG shares. UBS Group lifted their price objective on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Citigroup raised their price objective on Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. BMO Capital Markets decreased their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Morgan Stanley assumed coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target on the stock. Finally, DA Davidson upped their price objective on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Harley-Davidson Price Performance

NYSE:HOG opened at $35.05 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.32. The stock has a market cap of $4.71 billion, a P/E ratio of 7.79, a PEG ratio of 1.12 and a beta of 1.48. The company has a fifty day moving average price of $39.55 and a 200 day moving average price of $35.08. Harley-Davidson, Inc. has a one year low of $25.43 and a one year high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.42 billion. Analysts anticipate that Harley-Davidson, Inc. will post 4.52 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were given a $0.1725 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. 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.