Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,700 shares of the company’s stock after selling 8,434 shares during the quarter. Jump Financial LLC’s holdings in Harley-Davidson were worth $1,528,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Guggenheim Capital LLC increased its holdings in Harley-Davidson by 29.1% in the 4th quarter. Guggenheim Capital LLC now owns 10,127 shares of the company’s stock valued at $305,000 after purchasing an additional 2,285 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Harley-Davidson by 57.6% during the 4th quarter. Sterling Capital Management LLC now owns 7,273 shares of the company’s stock worth $219,000 after acquiring an additional 2,659 shares in the last quarter. Covestor Ltd grew its position in Harley-Davidson by 18.8% in the 4th quarter. Covestor Ltd now owns 4,163 shares of the company’s stock valued at $125,000 after acquiring an additional 658 shares in the last quarter. LSV Asset Management increased its stake in Harley-Davidson by 0.4% during the fourth quarter. LSV Asset Management now owns 5,498,635 shares of the company’s stock worth $165,674,000 after purchasing an additional 19,453 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Up 3.2 %

HOG stock opened at $22.56 on Friday. The stock has a market cap of $2.79 billion, a P/E ratio of 6.77, a PEG ratio of 0.38 and a beta of 1.28. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $40.14. The company’s 50 day moving average is $24.74 and its two-hundred day moving average is $29.12.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share 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 previous year, the firm earned $0.18 earnings per share. Research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HOG. DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research note on Wednesday, April 9th. Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. UBS Group lowered their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Bank of America reduced their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Robert W. Baird lowered their price objective on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.00.

Harley-Davidson Company 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.