Los Angeles Capital Management LLC Lowers Stake in Harley-Davidson, Inc. (NYSE:HOG)

Los Angeles Capital Management LLC reduced its position in Harley-Davidson, Inc. (NYSE:HOG) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,543 shares of the company’s stock after selling 5,830 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Harley-Davidson were worth $4,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC boosted its holdings in Harley-Davidson by 6.7% in the 4th quarter. New York Life Investment Management LLC now owns 16,289 shares of the company’s stock worth $600,000 after buying an additional 1,029 shares during the period. Victory Capital Management Inc. grew its position in shares of Harley-Davidson by 16.4% during the fourth quarter. Victory Capital Management Inc. now owns 27,810 shares of the company’s stock worth $1,025,000 after purchasing an additional 3,911 shares in the last quarter. Headlands Technologies LLC bought a new stake in Harley-Davidson during the 4th quarter valued at approximately $72,000. Semanteon Capital Management LP bought a new stake in Harley-Davidson during the 4th quarter valued at approximately $332,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Harley-Davidson by 7.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 83,417 shares of the company’s stock worth $3,073,000 after purchasing an additional 5,642 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Up 0.1 %

Shares of NYSE HOG opened at $35.05 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. Harley-Davidson, Inc. has a 12-month low of $25.43 and a 12-month high of $44.16. The firm’s 50-day moving average price is $39.55 and its 200-day moving average price is $35.15. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 1.12 and a beta of 1.48.

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

Harley-Davidson Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on HOG. Citigroup boosted their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. DA Davidson boosted their price target 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. Bank of America increased their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets reduced their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Morgan Stanley started coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

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.