Mork Capital Management LLC Makes New $1.93 Million Investment in Harley-Davidson, Inc. (NYSE:HOG)

Mork Capital Management LLC acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $1,926,000. Harley-Davidson makes up about 1.4% of Mork Capital Management LLC's portfolio, making the stock its 15th largest holding.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Harley-Davidson by 22,680.0% in the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company's stock valued at $161,166,000 after purchasing an additional 4,164,502 shares in the last quarter. LSV Asset Management grew its position in Harley-Davidson by 17.3% in the second quarter. LSV Asset Management now owns 5,705,775 shares of the company's stock valued at $191,372,000 after purchasing an additional 842,407 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Harley-Davidson by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company's stock valued at $209,576,000 after acquiring an additional 708,260 shares during the last quarter. American Century Companies Inc. lifted its stake in Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company's stock valued at $75,932,000 after acquiring an additional 678,092 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company's stock valued at $15,207,000 after acquiring an additional 334,830 shares during the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Performance

Harley-Davidson stock traded down $0.55 during midday trading on Wednesday, hitting $33.27. The company's stock had a trading volume of 1,359,578 shares, compared to its average volume of 1,695,965. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. Harley-Davidson, Inc. has a 1-year low of $30.48 and a 1-year high of $44.16. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.46 and a beta of 1.47. The company has a 50-day moving average price of $34.12 and a two-hundred day moving average price of $35.01.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, December 10th. Harley-Davidson's dividend payout ratio is currently 15.54%.

Insider Buying and Selling at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the sale, the director now directly owns 17,687 shares of the company's stock, valued at approximately $570,405.75. The trade was a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Baird R W cut shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. UBS Group cut their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Robert W. Baird cut shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $42.57.

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.