Teza Capital Management LLC Decreases Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Teza Capital Management LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 20.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,501 shares of the company’s stock after selling 14,455 shares during the quarter. Teza Capital Management LLC’s holdings in Harley-Davidson were worth $1,733,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HOG. Dimensional Fund Advisors LP raised its position in shares of Harley-Davidson by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company’s stock valued at $205,940,000 after buying an additional 332,928 shares in the last quarter. LSV Asset Management raised its position in shares of Harley-Davidson by 0.4% during the 4th quarter. LSV Asset Management now owns 5,498,635 shares of the company’s stock valued at $165,674,000 after buying an additional 19,453 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after buying an additional 1,285,225 shares in the last quarter. American Century Companies Inc. raised its position in shares of Harley-Davidson by 14.2% during the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock valued at $105,352,000 after buying an additional 435,200 shares in the last quarter. Finally, Donald Smith & CO. Inc. purchased a new stake in shares of Harley-Davidson during the 4th quarter valued at about $50,368,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $24.71 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.38 and a beta of 1.30. The firm’s 50-day moving average is $23.76 and its 200 day moving average is $27.63. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.27. The business had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 EPS. Research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a $0.18 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.91%. Harley-Davidson’s dividend payout ratio is currently 26.87%.

Analyst Ratings Changes

Several analysts have recently issued reports on HOG shares. Robert W. Baird upped their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup decreased their target price on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. UBS Group cut their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, Bank of America cut their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.17.

Harley-Davidson Company 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.