Norges Bank Invests $11.01 Million in Harley-Davidson, Inc. (NYSE:HOG)

Norges Bank purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 365,419 shares of the company’s stock, valued at approximately $11,010,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in shares of Harley-Davidson by 30.7% in the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after purchasing an additional 1,285,225 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Harley-Davidson in the fourth quarter valued at about $18,802,000. American Century Companies Inc. increased its holdings in Harley-Davidson by 14.2% in the fourth 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 last quarter. Barclays PLC raised its stake in Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after buying an additional 162,899 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after buying an additional 157,939 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Down 8.5 %

HOG stock opened at $20.84 on Wednesday. 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’s 50-day simple moving average is $25.48 and its 200 day simple moving average is $30.05. The stock has a market cap of $2.60 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $43.18.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the business posted $0.18 earnings per share. As a group, sell-side analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is 21.62%.

Wall Street Analyst Weigh In

HOG has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, April 4th. DA Davidson lowered their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Bank of America lowered their price objective 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. Finally, UBS Group cut their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

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.