Advisory Research Inc. decreased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 86.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,727 shares of the company’s stock after selling 96,517 shares during the quarter. Advisory Research Inc.’s holdings in Harley-Davidson were worth $749,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Independent Franchise Partners LLP raised its holdings in Harley-Davidson by 53.3% during the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after purchasing an additional 2,815,749 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Harley-Davidson by 18.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock worth $153,476,000 after purchasing an additional 488,628 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Harley-Davidson by 31.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,000,400 shares of the company’s stock worth $96,439,000 after purchasing an additional 482,900 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Harley-Davidson by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,227,385 shares of the company’s stock worth $59,177,000 after purchasing an additional 12,203 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Harley-Davidson by 3.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,217,442 shares of the company’s stock worth $59,557,000 after purchasing an additional 45,940 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) opened at $47.16 on Monday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market capitalization of $7,940.00, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. Harley-Davidson Inc has a 12-month low of $44.52 and a 12-month high of $63.40.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Wednesday, February 14th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s dividend payout ratio is currently 49.66%.
Harley-Davidson declared that its Board of Directors has approved a share repurchase plan on Monday, February 5th that allows the company to buyback 15,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several research analysts have issued reports on HOG shares. Longbow Research lowered shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 target price (up previously from $49.00) on shares of Harley-Davidson in a research note on Wednesday, January 17th. Wedbush upped their target price on Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, December 7th. Finally, Wells Fargo & Co raised Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 target price for the company in a research note on Monday, January 22nd. Three research 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. Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $52.00.
In related news, VP Tchernavia Rocker sold 1,401 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.74, for a total transaction of $66,883.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul J. Jones sold 870 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $47.62, for a total value of $41,429.40. Following the transaction, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.
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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.
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