Campbell & CO Investment Adviser LLC Cuts Stock Holdings in Harley-Davidson, Inc. $HOG

Campbell & CO Investment Adviser LLC lessened its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 90.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,093 shares of the company’s stock after selling 90,396 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Harley-Davidson were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its holdings in shares of Harley-Davidson by 61.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,517,795 shares of the company’s stock valued at $130,220,000 after buying an additional 2,108,099 shares during the period. Norges Bank purchased a new position in Harley-Davidson in the second quarter worth $21,607,000. Bank of New York Mellon Corp lifted its holdings in Harley-Davidson by 30.2% in the second quarter. Bank of New York Mellon Corp now owns 1,838,532 shares of the company’s stock valued at $43,389,000 after acquiring an additional 426,808 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in shares of Harley-Davidson during the 2nd quarter worth $7,262,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Harley-Davidson by 179.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 299,729 shares of the company’s stock worth $7,074,000 after purchasing an additional 192,339 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analysts Set New Price Targets

HOG has been the subject of several recent analyst reports. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Loop Capital initiated coverage on shares of Harley-Davidson in a research report on Tuesday, November 25th. They set a “hold” rating and a $21.00 price target for the company. UBS Group lowered their price target on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Morgan Stanley set a $18.00 price objective on Harley-Davidson in a report on Friday, January 16th. Finally, Citigroup lowered their target price on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.00.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $20.33 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.36 and a current ratio of 2.51. The business’s fifty day moving average price is $21.89 and its two-hundred day moving average price is $25.13. The stock has a market cap of $2.40 billion, a PE ratio of 4.93, a price-to-earnings-growth ratio of 0.50 and a beta of 1.37. Harley-Davidson, Inc. has a one year low of $19.90 and a one year high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $1.72. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a return on equity of 15.19% and a net margin of 11.37%. On average, analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $0.72 annualized dividend and a yield of 3.5%. Harley-Davidson’s payout ratio is presently 17.48%.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.