Kiltearn Partners LLP Sells 32,700 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Kiltearn Partners LLP cut its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 309,720 shares of the company’s stock after selling 32,700 shares during the period. Harley-Davidson accounts for 1.5% of Kiltearn Partners LLP’s investment portfolio, making the stock its 26th biggest position. Kiltearn Partners LLP’s holdings in Harley-Davidson were worth $9,332,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after purchasing an additional 554 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Harley-Davidson during the 4th quarter valued at about $42,000. Global Retirement Partners LLC lifted its holdings in shares of Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after purchasing an additional 846 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Harley-Davidson in the fourth quarter worth approximately $65,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at about $79,000. Institutional investors own 85.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on HOG shares. Citigroup reduced their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. DA Davidson decreased their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley reduced 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. UBS Group cut their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, Bank of America dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Harley-Davidson has an average rating of “Hold” and an average target price of $33.57.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $25.94 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $44.16. The company has a 50-day simple moving average of $26.37 and a 200-day simple moving average of $30.96.

Harley-Davidson (NYSE:HOG) last released 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 last year, the business earned $0.18 EPS. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share 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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.78%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson’s dividend payout ratio is presently 21.62%.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

About Harley-Davidson

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.