Dimensional Fund Advisors LP Raises Position in Harley-Davidson Inc (HOG)

Dimensional Fund Advisors LP boosted its position in Harley-Davidson Inc (NYSE:HOG) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,000,239 shares of the company’s stock after buying an additional 18,727 shares during the period. Dimensional Fund Advisors LP owned approximately 0.57% of Harley-Davidson worth $ 58,354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in Harley-Davidson by 8.4% in the second quarter. Macquarie Group Ltd. now owns 115,749 shares of the company’s stock worth $ 5,243,000 after buying an additional 8,976 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Harley-Davidson during the second quarter worth $ 331,000. Kentucky Retirement Systems purchased a new position in Harley-Davidson during the second quarter worth $ 698,000. Northwestern Mutual Wealth Management Co. increased its position in Harley-Davidson by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,454 shares of the company’s stock worth $ 429,000 after buying an additional 114 shares during the period. Finally, IFP Advisors Inc increased its position in Harley-Davidson by 10.9% in the second quarter. IFP Advisors Inc now owns 7,631 shares of the company’s stock worth $ 346,000 after buying an additional 751 shares during the period. Hedge funds and other institutional investors own 89.54% of the company’s stock.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Harley-Davidson Inc (NYSE:HOG) opened at 60.50 on Friday. The company has a 50-day moving average price of $ 59.11 and a 200 day moving average price of $ 57.27. The company has a market capitalization of $ 10.56 billion, a PE ratio of 15.80 and a beta of 0.88. Harley-Davidson Inc has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.11 billion for the quarter, compared to the consensus estimate of $ 972.47 million. During the same period in the prior year, the firm posted $ 0.22 EPS. The business’s revenue was down 7.4% on a year-over-year basis. Equities research analysts anticipate that Harley-Davidson Inc will post $ 3.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Wednesday, February 15th were paid a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, February 13th. This is an increase from Harley-Davidson’s previous quarterly dividend of $ 0.35. Harley-Davidson’s payout ratio is currently 38.22%.

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A number of research firms have weighed in on HOG. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 15th. Zacks Investment Research downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, December 6th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a report on Monday, December 19th. Finally, Citigroup Inc cut their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $ 55.41.

In related news, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock valued at $ 5,912,378 in the last ninety days. Insiders own 0.99% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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