Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC reduced its position in Harley-Davidson, Inc. (NYSE:HOG) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 454,994 shares of the company’s stock after selling 33,737 shares during the period. Brandywine Global Investment Management LLC owned about 0.36% of Harley-Davidson worth $13,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Harley-Davidson during the 4th quarter worth about $1,341,000. Mork Capital Management LLC purchased a new position in Harley-Davidson during the third quarter worth approximately $1,926,000. Hussman Strategic Advisors Inc. acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $1,898,000. Bank of New York Mellon Corp increased 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 buying an additional 157,939 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after buying an additional 162,899 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Price Performance

NYSE:HOG opened at $25.08 on Monday. Harley-Davidson, Inc. has a one year low of $23.81 and a one year high of $43.89. The stock has a market cap of $3.12 billion, a PE ratio of 7.53, a P/E/G ratio of 0.38 and a beta of 1.49. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The stock has a 50 day moving average price of $26.29 and a 200 day moving average price of $30.82.

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

Harley-Davidson Increases Dividend

The company 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 annualized dividend and a yield of 2.87%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson’s payout ratio is presently 21.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. Morgan Stanley decreased their price target 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. DA Davidson lowered their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. UBS Group reduced their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, Bank of America lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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 Harley-Davidson stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.