Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 0.3% in the 4th quarter, Holdings Channel reports. The fund owned 7,561,262 shares of the company’s stock after selling 25,983 shares during the quarter. Beutel Goodman & Co Ltd. owned 0.06% of Harley-Davidson worth $227,820,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HOG. Pacer Advisors Inc. boosted its holdings in shares of Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock worth $164,754,000 after purchasing an additional 1,285,225 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Harley-Davidson during the fourth quarter worth $18,802,000. American Century Companies Inc. boosted its stake in Harley-Davidson by 14.2% during the fourth 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 last quarter. Norges Bank purchased a new stake in Harley-Davidson in the 4th quarter valued at $11,010,000. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Harley-Davidson by 559.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after acquiring an additional 334,830 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Down 3.3 %

Shares of NYSE HOG opened at $25.08 on Friday. Harley-Davidson, Inc. has a 52-week low of $23.81 and a 52-week high of $43.89. The business’s 50 day moving average is $26.29 and its two-hundred day moving average is $30.88. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.38 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (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 last year, the business posted $0.18 EPS. Research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.18 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.87%. Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%.

Insider Activity at Harley-Davidson

In related 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 completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HOG shares. Robert W. Baird dropped their price objective 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. 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 note on Thursday, February 6th. UBS Group reduced their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. 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. Finally, 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 research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.57.

About Harley-Davidson

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.