63,000 Shares in Harley-Davidson, Inc. (NYSE:HOG) Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. bought a new position in Harley-Davidson, Inc. (NYSE:HOG) in the 4th quarter, Holdings Channel reports. The fund bought 63,000 shares of the company’s stock, valued at approximately $1,898,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOG. Venturi Wealth Management LLC boosted its stake in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares during the period. Prospera Private Wealth LLC bought a new position in Harley-Davidson in the 3rd quarter worth approximately $35,000. Ashton Thomas Securities LLC bought a new position in Harley-Davidson in the 3rd quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Harley-Davidson in the 4th quarter worth approximately $42,000. Finally, Global Retirement Partners LLC boosted its stake in Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after purchasing an additional 846 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $26.78 on Thursday. The company has a market capitalization of $3.41 billion, a PE ratio of 8.04, a P/E/G ratio of 0.36 and a beta of 1.46. 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 company has a 50-day simple moving average of $28.73 and a two-hundred day simple moving average of $32.94. Harley-Davidson, Inc. has a one year low of $25.25 and a one year high of $44.16.

Harley-Davidson (NYSE:HOG) last issued 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 return on equity of 13.64% and a net margin of 9.25%. During the same period in the previous year, the business posted $0.18 EPS. Research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is currently 20.72%.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the subject of several recent analyst reports. Morgan Stanley dropped their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. DA Davidson lowered 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. UBS Group lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Robert W. Baird lowered their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Finally, Citigroup lowered their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.57.

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.