Mutual of America Capital Management LLC Decreases Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Mutual of America Capital Management LLC reduced its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 6.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 78,571 shares of the company’s stock after selling 5,471 shares during the period. Mutual of America Capital Management LLC’s holdings in Harley-Davidson were worth $2,895,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HOG. Lazard Asset Management LLC purchased a new stake in Harley-Davidson during the first quarter worth approximately $31,000. BKM Wealth Management LLC purchased a new stake in Harley-Davidson during the fourth quarter worth approximately $36,000. Penserra Capital Management LLC purchased a new stake in Harley-Davidson during the third quarter worth approximately $44,000. Headinvest LLC purchased a new stake in Harley-Davidson during the third quarter worth approximately $52,000. Finally, National Bank of Canada FI grew its stake in Harley-Davidson by 30.3% during the third quarter. National Bank of Canada FI now owns 1,680 shares of the company’s stock worth $54,000 after buying an additional 391 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HOG shares. BMO Capital Markets boosted their target price on shares of Harley-Davidson from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Bank of America boosted their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. UBS Group boosted their target price on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Citigroup boosted their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, DA Davidson boosted their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

Harley-Davidson Trading Down 0.3 %

HOG opened at $37.82 on Friday. The stock has a market capitalization of $5.09 billion, a PE ratio of 7.85, a P/E/G ratio of 2.54 and a beta of 1.43. The firm’s fifty day moving average price is $39.81 and its 200 day moving average price is $34.66. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25. Harley-Davidson, Inc. has a 12-month low of $25.43 and a 12-month high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.14. The firm had revenue of $791.65 million for the quarter, compared to analysts’ expectations of $875.29 million. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, research analysts expect that Harley-Davidson, Inc. will post 4.22 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a $0.1725 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a yield of 1.82%. Harley-Davidson’s dividend payout ratio is currently 14.32%.

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.