Jupiter Asset Management Ltd. Lowers Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Jupiter Asset Management Ltd. decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 91.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,651 shares of the company’s stock after selling 2,180,032 shares during the quarter. Jupiter Asset Management Ltd. owned 0.17% of Harley-Davidson worth $6,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in shares of Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after purchasing an additional 554 shares during the period. Prospera Private Wealth LLC purchased a new position in Harley-Davidson in the third quarter worth approximately $35,000. Ashton Thomas Securities LLC purchased a new position in Harley-Davidson in the third quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson in the fourth quarter worth approximately $42,000. Finally, Global Retirement Partners LLC lifted its stake in Harley-Davidson by 84.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after acquiring an additional 846 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Down 1.3 %

HOG stock opened at $24.16 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a twelve month low of $23.81 and a twelve month high of $44.16. The company’s 50 day moving average is $27.22 and its two-hundred day moving average is $31.86. The stock has a market cap of $3.01 billion, a P/E ratio of 7.26, a PEG ratio of 0.38 and a beta of 1.49.

Harley-Davidson (NYSE:HOG) last announced its earnings results 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 net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the firm earned $0.18 earnings per share. Research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.98%. 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 payout ratio is presently 21.62%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Citigroup decreased their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. UBS Group decreased their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. DA Davidson decreased their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $33.57.

Insider Activity

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

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.