Amalgamated Bank Sells 19,688 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Amalgamated Bank trimmed its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 25.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,659 shares of the company's stock after selling 19,688 shares during the period. Amalgamated Bank's holdings in Harley-Davidson were worth $2,183,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HOG. Signaturefd LLC boosted its position in Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company's stock valued at $63,000 after purchasing an additional 597 shares during the period. Fifth Third Bancorp raised its position in shares of Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $66,000 after purchasing an additional 322 shares during the period. GAMMA Investing LLC grew its holdings in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock valued at $67,000 after buying an additional 320 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Harley-Davidson by 191.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company's stock valued at $133,000 after buying an additional 2,626 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Harley-Davidson in the second quarter valued at about $139,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HOG has been the subject of several research analyst reports. StockNews.com cut Harley-Davidson from a "hold" rating to a "sell" rating in a research report on Friday. Citigroup dropped their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Bank of America dropped their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. UBS Group decreased 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. Finally, Baird R W lowered shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $42.57.

Insider Activity at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares in the company, valued at $570,405.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

Harley-Davidson Price Performance

NYSE HOG traded down $1.33 during mid-day trading on Tuesday, hitting $31.73. The stock had a trading volume of 767,670 shares, compared to its average volume of 1,731,667. Harley-Davidson, Inc. has a 52-week low of $26.40 and a 52-week high of $44.16. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a 50 day simple moving average of $35.48 and a 200 day simple moving average of $35.24. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.1725 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a yield of 2.17%. Harley-Davidson's payout ratio is 15.54%.

Harley-Davidson announced that its board has approved a share buyback plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.