Brandywine Global Investment Management LLC Has $5.55 Million Stake in Harley-Davidson, Inc. $HOG

Brandywine Global Investment Management LLC raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 338.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 270,744 shares of the company’s stock after acquiring an additional 209,025 shares during the period. Brandywine Global Investment Management LLC’s holdings in Harley-Davidson were worth $5,548,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Harley-Davidson by 139.0% during the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock worth $26,000 after buying an additional 549 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after buying an additional 1,278 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Harley-Davidson by 203.3% during the third quarter. Hantz Financial Services Inc. now owns 2,426 shares of the company’s stock worth $68,000 after buying an additional 1,626 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Harley-Davidson by 310.2% during the third quarter. Rothschild Investment LLC now owns 2,461 shares of the company’s stock worth $69,000 after buying an additional 1,861 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $24.62 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66. The firm has a market cap of $2.59 billion, a P/E ratio of 13.99, a P/E/G ratio of 15.47 and a beta of 1.26. The firm has a 50 day simple moving average of $23.58 and a 200 day simple moving average of $21.58. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. Sell-side analysts predict that Harley-Davidson, Inc. will post 0.39 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 8th. Harley-Davidson’s payout ratio is currently 42.61%.

Insiders Place Their Bets

In other Harley-Davidson news, insider Paul J. Krause sold 1,564 shares of Harley-Davidson stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the sale, the insider owned 30,012 shares of the company’s stock, valued at approximately $780,312. The trade was a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $24.21, for a total transaction of $37,622.34. Following the sale, the chief financial officer directly owned 32,508 shares of the company’s stock, valued at $787,018.68. This represents a 4.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.97% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HOG shares. DA Davidson dropped their price objective on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Wall Street Zen lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. UBS Group raised their price target on shares of Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Robert W. Baird set a $28.00 price target on shares of Harley-Davidson in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and an average target price of $24.22.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.