Dimensional Fund Advisors LP Has $184.07 Million Stock Holdings in Harley-Davidson, Inc. $HOG

Dimensional Fund Advisors LP grew its position in Harley-Davidson, Inc. (NYSE:HOG) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,597,336 shares of the company’s stock after purchasing an additional 28,828 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.58% of Harley-Davidson worth $184,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Harley-Davidson by 62.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock valued at $2,183,000 after buying an additional 33,097 shares during the last quarter. Empowered Funds LLC lifted its position in Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock worth $443,000 after acquiring an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after acquiring an additional 1,278 shares during the last quarter. Assetmark Inc. boosted its holdings in Harley-Davidson by 191.5% during the second quarter. Assetmark Inc. now owns 3,069 shares of the company’s stock valued at $72,000 after acquiring an additional 2,016 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Harley-Davidson by 30.2% during 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. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Harley-Davidson

In other news, Director Rafeh Masood acquired 2,775 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $18.00 per share, with a total value of $49,950.00. Following the acquisition, the director owned 7,480 shares of the company’s stock, valued at $134,640. This trade represents a 58.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James D. Farley, Jr. sold 6,454 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total value of $120,754.34. Following the sale, the director owned 16,205 shares in the company, valued at approximately $303,195.55. This represents a 28.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HOG shares. Loop Capital began coverage on Harley-Davidson in a research note on Tuesday, November 25th. They issued a “hold” rating and a $21.00 price objective on the stock. UBS Group decreased their target price on Harley-Davidson from $27.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Argus raised Harley-Davidson to a “strong-buy” rating in a report on Tuesday, February 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Harley-Davidson in a research report on Wednesday, February 11th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $12.00 price target on shares of Harley-Davidson in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Harley-Davidson currently has a consensus rating of “Hold” and a consensus price target of $22.50.

Harley-Davidson Stock Performance

NYSE:HOG opened at $19.22 on Monday. The firm’s 50-day moving average is $20.13 and its 200-day moving average is $24.03. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 7.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.83 and a current ratio of 2.10. Harley-Davidson, Inc. has a 52-week low of $17.11 and a 52-week high of $31.25.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($1.52). Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The company had revenue of $496.16 million during the quarter, compared to the consensus estimate of $482.21 million. During the same quarter in the previous year, the business posted ($0.93) EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. Equities research analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd will be given a $0.1875 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.18. Harley-Davidson’s dividend payout ratio is 28.74%.

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.