Harley-Davidson, Inc. (NYSE:HOG) Holdings Trimmed by First Trust Advisors LP

First Trust Advisors LP reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 726,902 shares of the company’s stock after selling 58,364 shares during the quarter. First Trust Advisors LP owned 0.57% of Harley-Davidson worth $21,902,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HOG. Donald Smith & CO. Inc. acquired a new position in Harley-Davidson during the fourth quarter valued at $50,368,000. Proficio Capital Partners LLC purchased a new stake in shares of Harley-Davidson in the fourth quarter worth approximately $1,341,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $1,898,000. Norges Bank purchased a new position in Harley-Davidson during the fourth quarter valued at approximately $11,010,000. Finally, Bank of New York Mellon Corp grew its position in Harley-Davidson by 12.0% during 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 purchasing an additional 157,939 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

NYSE HOG opened at $23.50 on Friday. The company 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. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The company has a fifty day simple moving average of $24.44 and a 200 day simple moving average of $28.72.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, sell-side analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.18 dividend. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, February 28th. Harley-Davidson’s payout ratio is currently 21.62%.

Analysts Set New Price Targets

Several research firms have recently commented on HOG. Bank of America lowered their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Robert W. Baird dropped their price objective on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. 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 research report on Thursday, February 6th. Finally, Citigroup decreased their price objective 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. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Harley-Davidson has an average rating of “Hold” and a consensus price target of $29.83.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.