New Age Alpha Advisors LLC Invests $2.86 Million in Harley-Davidson, Inc. (NYSE:HOG)

New Age Alpha Advisors LLC bought a new stake in Harley-Davidson, Inc. (NYSE:HOG) in the fourth quarter, HoldingsChannel reports. The firm bought 95,043 shares of the company’s stock, valued at approximately $2,864,000.

Several other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after buying an additional 554 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Harley-Davidson in the 4th quarter worth about $42,000. Global Retirement Partners LLC lifted its position in Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after acquiring an additional 846 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Harley-Davidson during the fourth quarter worth about $65,000. Finally, Jones Financial Companies Lllp grew its holdings in Harley-Davidson by 62.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,156 shares of the company’s stock worth $95,000 after purchasing an additional 1,215 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value 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 represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HOG shares. Bank of America lowered 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. Citigroup dropped their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Morgan Stanley reduced their price target on 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 dropped their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, DA Davidson reduced their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.57.

Harley-Davidson Trading Down 3.3 %

Shares of NYSE:HOG opened at $25.08 on Friday. 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 1 year low of $23.81 and a 1 year high of $43.89. The company has a market cap of $3.12 billion, a P/E ratio of 7.53, a PEG ratio of 0.38 and a beta of 1.49. The stock’s fifty day moving average price is $26.29 and its 200-day moving average price is $30.85.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate 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 posted $0.18 EPS. Sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.87%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

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.