Harley-Davidson, Inc. (NYSE:HOG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Harley-Davidson, Inc. (NYSE:HOG) by 86.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,533 shares of the company’s stock after acquiring an additional 23,922 shares during the quarter. Victory Capital Management Inc.’s holdings in Harley-Davidson were worth $1,553,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in shares of Harley-Davidson by 22,680.0% in the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock valued at $161,166,000 after purchasing an additional 4,164,502 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after purchasing an additional 334,830 shares during the period. Barclays PLC grew its position in shares of Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after purchasing an additional 162,899 shares during the period. Bank of New York Mellon Corp grew its position in shares of Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after purchasing an additional 157,939 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Harley-Davidson by 38.6% in the third quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock valued at $20,555,000 after purchasing an additional 148,537 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Trading Down 1.9 %

Shares of HOG opened at $25.20 on Wednesday. The stock’s 50-day moving average is $26.84 and its two-hundred day moving average is $31.45. The stock has a market cap of $3.14 billion, a PE ratio of 7.57, a P/E/G ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $44.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period last year, the firm posted $0.18 EPS. Equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is currently 21.62%.

Insiders Place Their Bets

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HOG shares. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley lowered their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Bank of America lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. UBS Group lowered their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, Citigroup lowered their price target on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $33.57.

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.