Luke Christopher Mansfield Sells 3,400 Shares of Harley-Davidson, Inc. (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) insider Luke Christopher Mansfield sold 3,400 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Harley-Davidson Stock Performance

HOG traded down $0.48 on Friday, hitting $26.47. The company's stock had a trading volume of 1,759,371 shares, compared to its average volume of 2,287,987. The company's 50 day simple moving average is $28.61 and its 200-day simple moving average is $32.90. The firm has a market cap of $3.37 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.37 and a beta of 1.46. Harley-Davidson, Inc. has a 12 month low of $25.25 and a 12 month high of $44.16. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.72%. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's dividend payout ratio (DPR) is 20.72%.

Analyst Ratings Changes

A number of analysts have commented on HOG shares. Morgan Stanley cut their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. DA Davidson cut their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. 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 research report on Thursday. Citigroup dropped their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Finally, Bank of America dropped their price objective 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.57.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently made changes to their positions in HOG. Blue Trust Inc. raised its position in Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company's stock worth $141,000 after purchasing an additional 697 shares during the period. Raymond James & Associates raised its position in Harley-Davidson by 5.0% in the 3rd quarter. Raymond James & Associates now owns 647,000 shares of the company's stock worth $24,929,000 after purchasing an additional 30,725 shares during the period. Allspring Global Investments Holdings LLC raised its position in Harley-Davidson by 289.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,442 shares of the company's stock worth $287,000 after purchasing an additional 5,531 shares during the period. Private Advisor Group LLC purchased a new position in Harley-Davidson in the 3rd quarter worth $294,000. Finally, Verity Asset Management Inc. raised its position in Harley-Davidson by 28.3% in the 3rd quarter. Verity Asset Management Inc. now owns 8,396 shares of the company's stock worth $323,000 after purchasing an additional 1,851 shares during the period. Hedge funds and other institutional investors own 85.10% of the company's stock.

About Harley-Davidson

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.