Harley-Davidson, Inc. (NYSE:HOG) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 29.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,127 shares of the company’s stock after acquiring an additional 2,285 shares during the quarter. Guggenheim Capital LLC’s holdings in Harley-Davidson were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HOG. Donald Smith & CO. Inc. acquired a new position in shares of Harley-Davidson in the 4th quarter worth approximately $50,368,000. Pacer Advisors Inc. boosted its holdings in shares of Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock worth $164,754,000 after buying an additional 1,285,225 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Harley-Davidson in the fourth quarter worth about $18,802,000. American Century Companies Inc. boosted its holdings in shares of Harley-Davidson by 14.2% in 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 period. Finally, Norges Bank acquired a new position in shares of Harley-Davidson in the fourth quarter worth about $11,010,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

HOG stock opened at $23.50 on Monday. 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 market cap of $2.91 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.38 and a beta of 1.28. The firm has a 50 day simple moving average of $24.44 and a 200 day simple moving average of $28.69. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93.

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 quarter last year, the firm earned $0.18 EPS. Research analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HOG. UBS Group decreased their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Citigroup decreased their target price on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Bank of America decreased their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Morgan Stanley decreased their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Robert W. Baird decreased their price target on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.83.

Insider Activity at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% 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.