NWQ Investment Management Company LLC reduced its holdings in Harley-Davidson Inc (NYSE:HOG) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,979 shares of the company’s stock after selling 54,176 shares during the period. NWQ Investment Management Company LLC owned about 0.15% of Harley-Davidson worth $13,228,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Robinson Value Management Ltd. boosted its holdings in shares of Harley-Davidson by 3.5% in the 3rd quarter. Robinson Value Management Ltd. now owns 31,959 shares of the company’s stock valued at $1,541,000 after acquiring an additional 1,066 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Harley-Davidson by 22.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock valued at $294,000 after acquiring an additional 1,100 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Harley-Davidson by 12.6% in the 3rd quarter. Private Advisor Group LLC now owns 9,904 shares of the company’s stock valued at $455,000 after acquiring an additional 1,111 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Harley-Davidson by 5.9% in the 4th quarter. Amalgamated Bank now owns 21,942 shares of the company’s stock valued at $1,116,000 after acquiring an additional 1,215 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Harley-Davidson by 1.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 96,998 shares of the company’s stock valued at $4,676,000 after acquiring an additional 1,373 shares during the last quarter. 95.87% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Inc (NYSE:HOG) opened at $44.85 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. The firm has a market cap of $7,548.30, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.49 and a beta of 0.86. Harley-Davidson Inc has a 12-month low of $43.40 and a 12-month high of $63.40.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, February 13th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 dividend on an annualized basis and a yield of 3.30%. Harley-Davidson’s dividend payout ratio is currently 49.66%.
Harley-Davidson declared that its board has authorized a share buyback program on Monday, February 5th that authorizes the company to buyback 15,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Several analysts have recently commented on the stock. Wells Fargo & Co raised shares of Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 price objective on the stock in a report on Monday, January 22nd. Wedbush dropped their price objective on shares of Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, January 10th. Longbow Research downgraded shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 target price (up from $49.00) on shares of Harley-Davidson in a research note on Wednesday, January 17th. Finally, Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.00.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul J. Jones sold 870 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the transaction, the vice president now owns 3,399 shares of the company’s stock, valued at $161,860.38. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.