Venturi Wealth Management LLC Purchases 554 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Venturi Wealth Management LLC raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 172.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876 shares of the company’s stock after buying an additional 554 shares during the quarter. Venturi Wealth Management LLC’s holdings in Harley-Davidson were worth $26,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HOG. Allspring Global Investments Holdings LLC increased its holdings in shares of Harley-Davidson by 289.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,442 shares of the company’s stock worth $287,000 after buying an additional 5,531 shares during the last quarter. Private Advisor Group LLC purchased a new position in Harley-Davidson in the third quarter worth about $294,000. Verity Asset Management Inc. increased its stake in Harley-Davidson by 28.3% during the third quarter. Verity Asset Management Inc. now owns 8,396 shares of the company’s stock worth $323,000 after acquiring an additional 1,851 shares during the last quarter. Leavell Investment Management Inc. purchased a new stake in Harley-Davidson during the third quarter valued at approximately $211,000. Finally, Covestor Ltd lifted its stake in shares of Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after purchasing an additional 448 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Down 0.9 %

Shares of HOG opened at $26.32 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.38 and a beta of 1.46. The company has a 50-day moving average of $28.20 and a 200 day moving average of $32.62. Harley-Davidson, Inc. has a 1-year low of $25.25 and a 1-year high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate 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 prior year, the company posted $0.18 EPS. On average, research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.74%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, February 28th. Harley-Davidson’s dividend payout ratio is currently 21.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. DA Davidson cut their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Citigroup lowered their target price on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. UBS Group cut their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, Robert W. Baird decreased their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus price target of $33.57.

Insider Transactions at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

Harley-Davidson 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.