LSV Asset Management Reduces Holdings in Harley-Davidson, Inc. (NYSE:HOG)

LSV Asset Management reduced its stake in Harley-Davidson, Inc. (NYSE:HOG) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,829,701 shares of the company’s stock after selling 16,408 shares during the quarter. LSV Asset Management owned about 3.47% of Harley-Davidson worth $177,926,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Harley-Davidson by 47.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock valued at $41,955,000 after purchasing an additional 410,648 shares during the period. Alps Advisors Inc. raised its position in Harley-Davidson by 29.7% during the 3rd quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock worth $343,000 after buying an additional 2,375 shares during the last quarter. Diversified Trust Co acquired a new stake in Harley-Davidson during the 4th quarter valued at approximately $3,154,000. Pathstone Family Office LLC acquired a new stake in Harley-Davidson during the 3rd quarter valued at approximately $565,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Harley-Davidson in the 3rd quarter valued at $641,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Price Performance

Shares of HOG stock traded up $0.02 during trading hours on Friday, hitting $35.05. 1,439,257 shares of the company’s stock were exchanged, compared to its average volume of 2,440,577. The firm has a 50 day moving average of $39.55 and a two-hundred day moving average of $35.08. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The firm has a market cap of $4.71 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.12 and a beta of 1.48. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. Sell-side analysts forecast that Harley-Davidson, Inc. will post 4.52 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is presently 15.33%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Morgan Stanley started coverage on Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price objective for the company. Citigroup raised their target price on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. DA Davidson boosted their price target on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, UBS Group upped their price objective on Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

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.