Invesco Ltd. Increases Position in Harley-Davidson, Inc. (NYSE:HOG)

Invesco Ltd. increased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 12.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 707,030 shares of the company’s stock after acquiring an additional 79,374 shares during the period. Invesco Ltd.’s holdings in Harley-Davidson were worth $21,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HOG. Pacer Advisors Inc. lifted its position in shares of Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after acquiring an additional 1,285,225 shares during the period. American Century Companies Inc. increased its stake in Harley-Davidson by 14.2% in 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 in the last quarter. Donald Smith & CO. Inc. acquired a new position in Harley-Davidson during the fourth quarter worth $50,368,000. Bank of New York Mellon Corp boosted its position in Harley-Davidson by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after purchasing an additional 157,939 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Harley-Davidson in the fourth quarter valued at $18,802,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s 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 in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.93% of the company’s stock.

Harley-Davidson Trading Up 3.2 %

Shares of Harley-Davidson stock opened at $22.56 on Friday. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $40.14. The business’s fifty day moving average is $24.74 and its two-hundred day moving average is $29.12. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The firm has a market cap of $2.79 billion, a PE ratio of 6.77, a P/E/G ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (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 period last year, the business earned $0.18 earnings per share. Analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is 21.62%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HOG. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Harley-Davidson in a research note on Wednesday, April 9th. Bank of America cut their target price 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. UBS Group lowered their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Citigroup cut their price objective on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Finally, Robert W. Baird dropped their price target on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Harley-Davidson Company 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.