Brandywine Global Investment Management LLC Has $3.58 Million Position in Harley-Davidson Inc (HOG)

Brandywine Global Investment Management LLC increased its position in Harley-Davidson Inc (NYSE:HOG) by 492.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,996 shares of the company’s stock after acquiring an additional 87,279 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Harley-Davidson worth $3,583,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Private Advisor Group LLC bought a new position in Harley-Davidson in the 3rd quarter valued at $255,000. Wells Fargo & Company MN grew its position in shares of Harley-Davidson by 5.5% during the 3rd quarter. Wells Fargo & Company MN now owns 400,010 shares of the company’s stock worth $18,120,000 after buying an additional 20,809 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Harley-Davidson by 4.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 581,158 shares of the company’s stock worth $26,326,000 after buying an additional 26,804 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Harley-Davidson by 24.9% during the 3rd quarter. Prudential Financial Inc. now owns 227,463 shares of the company’s stock worth $10,304,000 after buying an additional 45,353 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Harley-Davidson by 121.9% during the 3rd quarter. MML Investors Services LLC now owns 13,358 shares of the company’s stock worth $605,000 after buying an additional 7,339 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Shares of NYSE HOG traded down $0.15 during mid-day trading on Monday, reaching $40.07. 899,667 shares of the company were exchanged, compared to its average volume of 2,283,641. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.25 and a quick ratio of 1.09. The stock has a market capitalization of $6.41 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14. Harley-Davidson Inc has a 1 year low of $31.36 and a 1 year high of $46.79.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 29th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). Harley-Davidson had a return on equity of 30.76% and a net margin of 9.30%. The company had revenue of $955.63 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 91173.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Harley-Davidson Inc will post 3.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were paid a $0.375 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.50 dividend on an annualized basis and a yield of 3.74%. Harley-Davidson’s dividend payout ratio (DPR) is 39.68%.

HOG has been the topic of a number of recent research reports. Zacks Investment Research downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Wells Fargo & Co reissued a “market perform” rating and set a $41.00 price target (down previously from $49.00) on shares of Harley-Davidson in a research report on Monday, April 8th. ValuEngine downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. KeyCorp reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 22nd. Finally, William Blair reissued a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.46.

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Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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