Kiltearn Partners LLP Decreases Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Kiltearn Partners LLP reduced its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,720 shares of the company’s stock after selling 32,700 shares during the period. Harley-Davidson makes up approximately 1.5% of Kiltearn Partners LLP’s investment portfolio, making the stock its 26th biggest holding. Kiltearn Partners LLP owned 0.24% of Harley-Davidson worth $9,332,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HOG. Norges Bank acquired a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $11,010,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at $753,000. American Century Companies Inc. increased its stake in Harley-Davidson by 14.2% during the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock worth $105,352,000 after buying an additional 435,200 shares during the period. Xponance Inc. grew its holdings in Harley-Davidson by 6.5% during the 4th quarter. Xponance Inc. now owns 14,123 shares of the company’s stock worth $426,000 after acquiring an additional 856 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Harley-Davidson by 160.5% during the 4th quarter. Intech Investment Management LLC now owns 31,011 shares of the company’s stock worth $934,000 after purchasing an additional 19,108 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

NYSE HOG opened at $25.94 on Friday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.38 and a beta of 1.49. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average of $26.37 and a 200-day moving average of $30.96. Harley-Davidson, Inc. has a 1-year low of $23.81 and a 1-year high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly 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 posted $0.18 earnings per share. On average, equities analysts forecast 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HOG shares. Bank of America decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. UBS Group reduced their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Citigroup dropped 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 report on Thursday, February 6th. DA Davidson reduced their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, Morgan Stanley cut their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $33.57.

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.