Harley-Davidson, Inc. (NYSE:HOG) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,124 shares of the company’s stock after acquiring an additional 3,051 shares during the quarter. Federated Hermes Inc.’s holdings in Harley-Davidson were worth $486,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Robert W. Baird lowered their target price on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Morgan Stanley cut their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group decreased their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Harley-Davidson Trading Up 1.2 %

Shares of HOG stock opened at $21.87 on Thursday. The business’s fifty day moving average price is $24.87 and its 200 day moving average price is $29.39. The firm has a market capitalization of $2.71 billion, a PE ratio of 6.57, a P/E/G ratio of 0.38 and a beta of 1.28. 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, Inc. has a 1-year low of $20.45 and a 1-year high of $40.14.

Harley-Davidson (NYSE:HOG) last announced 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 net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 3.29%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the transaction, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.93% 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.