Harley-Davidson, Inc. (NYSE:HOG) Stake Boosted by Foundry Partners LLC

Foundry Partners LLC boosted its holdings in Harley-Davidson, Inc. (NYSE:HOGFree Report) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,640 shares of the company’s stock after buying an additional 15,761 shares during the period. Foundry Partners LLC owned approximately 0.08% of Harley-Davidson worth $3,757,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at approximately $31,000. Covestor Ltd increased its position in shares of Harley-Davidson by 293.2% during the second quarter. Covestor Ltd now owns 1,046 shares of the company’s stock valued at $37,000 after purchasing an additional 780 shares during the period. National Bank of Canada FI increased its position in shares of Harley-Davidson by 77.1% during the second quarter. National Bank of Canada FI now owns 1,289 shares of the company’s stock valued at $45,000 after purchasing an additional 561 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Harley-Davidson by 1,144.1% during the first quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock valued at $54,000 after purchasing an additional 1,270 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Harley-Davidson during the second quarter valued at approximately $61,000. 82.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BMO Capital Markets lowered their price objective on Harley-Davidson from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. TheStreet cut Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Friday, October 27th. Finally, Citigroup upped their price target on Harley-Davidson from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.25.

Check Out Our Latest Report on Harley-Davidson

Harley-Davidson Price Performance

Harley-Davidson stock opened at $38.02 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53. Harley-Davidson, Inc. has a 52 week low of $25.43 and a 52 week high of $49.39. The firm has a market cap of $5.30 billion, a P/E ratio of 7.89, a P/E/G ratio of 2.31 and a beta of 1.40. The business’s fifty day moving average is $34.47 and its two-hundred day moving average is $32.74.

Harley-Davidson (NYSE:HOGGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The business had revenue of $791.65 million for the quarter, compared to analyst estimates of $875.29 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. Equities research analysts forecast that Harley-Davidson, Inc. will post 4.39 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Monday, December 11th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, December 8th. This represents a $0.66 dividend on an annualized basis and a yield of 1.74%. Harley-Davidson’s dividend payout ratio is presently 13.69%.

Harley-Davidson Company Profile

(Free Report)

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, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.

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

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