Harley-Davidson, Inc. (NYSE:HOG) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 86.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,533 shares of the company’s stock after acquiring an additional 23,922 shares during the quarter. Victory Capital Management Inc.’s holdings in Harley-Davidson were worth $1,553,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp lifted its stake in shares of Harley-Davidson by 62.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,156 shares of the company’s stock worth $95,000 after acquiring an additional 1,215 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $1,341,000. Oppenheimer & Co. Inc. acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $690,000. Advisor OS LLC acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $361,000. Finally, Illinois Municipal Retirement Fund raised its stake in Harley-Davidson by 24.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 99,514 shares of the company’s stock valued at $2,998,000 after buying an additional 19,504 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the topic of several research reports. Morgan Stanley cut their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. DA Davidson cut their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Robert W. Baird cut their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Bank of America lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.57.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $25.20 on Wednesday. Harley-Davidson, Inc. has a 12-month low of $23.81 and a 12-month high of $44.16. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The business has a 50 day simple moving average of $26.84 and a 200 day simple moving average of $31.45. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data 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 in the prior year, the business earned $0.18 earnings per share. On average, equities research analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson’s dividend payout ratio is 21.62%.

Insider Buying and Selling

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.