Federated Hermes Inc. Sells 7,102 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Federated Hermes Inc. lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 39.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,051 shares of the company’s stock after selling 7,102 shares during the period. Federated Hermes Inc.’s holdings in Harley-Davidson were worth $407,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HOG. Raymond James & Associates lifted its holdings in shares of Harley-Davidson by 2.1% in the third quarter. Raymond James & Associates now owns 564,850 shares of the company’s stock valued at $18,674,000 after purchasing an additional 11,670 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Harley-Davidson by 132.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 54,751 shares of the company’s stock worth $1,810,000 after acquiring an additional 31,180 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Harley-Davidson by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock worth $48,330,000 after acquiring an additional 12,332 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Harley-Davidson by 2.7% in the third quarter. Brown Advisory Inc. now owns 1,288,649 shares of the company’s stock valued at $42,603,000 after acquiring an additional 33,760 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Harley-Davidson by 4.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,765 shares of the company’s stock valued at $852,000 after purchasing an additional 1,186 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analysts Set New Price Targets

HOG has been the subject of a number of research reports. Bank of America increased 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 lifted their price objective on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Morgan Stanley started coverage on shares of Harley-Davidson in a report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 target price on the stock. BMO Capital Markets cut their price target on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Citigroup boosted their price objective on Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Harley-Davidson Trading Up 0.1 %

Harley-Davidson stock opened at $35.05 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The stock has a market cap of $4.71 billion, a P/E ratio of 7.79, a PEG ratio of 1.12 and a beta of 1.48. The firm’s fifty day moving average price is $39.55 and its 200-day moving average price is $35.08.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.48 by $0.24. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Equities research analysts forecast that Harley-Davidson, Inc. will post 4.52 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.97%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st. Harley-Davidson’s dividend payout ratio is 15.33%.

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.