Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in Harley-Davidson, Inc. (NYSE:HOG) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,413 shares of the company’s stock after selling 2,580 shares during the period. Stifel Financial Corp’s holdings in Harley-Davidson were worth $585,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson during the fourth quarter worth $50,368,000. Pacer Advisors Inc. grew its holdings 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 worth $164,754,000 after purchasing an additional 1,285,225 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Harley-Davidson during the 4th quarter worth about $18,802,000. American Century Companies Inc. raised its holdings 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 buying an additional 435,200 shares during the period. Finally, Norges Bank purchased a new stake in Harley-Davidson in the 4th quarter valued at about $11,010,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HOG shares. Citigroup dropped their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Bank of America decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley lowered their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Robert W. Baird cut their price objective on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Finally, DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.83.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 23,555 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is owned by corporate insiders.

Harley-Davidson Stock Up 1.0%

Shares of NYSE HOG opened at $23.63 on Monday. The stock has a market cap of $2.87 billion, a P/E ratio of 7.10, a PEG ratio of 0.38 and a beta of 1.30. The business’s fifty day simple moving average is $23.88 and its 200-day simple moving average is $27.86. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. The company had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. Harley-Davidson’s revenue was down 23.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 EPS. As a group, equities analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.18 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 3.05%. Harley-Davidson’s dividend payout ratio (DPR) is 26.87%.

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.