HighTower Advisors LLC Sells 9,929 Shares of Harley-Davidson, Inc. (NYSE:HOG)

HighTower Advisors LLC decreased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 43.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,729 shares of the company's stock after selling 9,929 shares during the quarter. HighTower Advisors LLC's holdings in Harley-Davidson were worth $384,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Harley-Davidson by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,928 shares of the company's stock valued at $902,000 after acquiring an additional 2,888 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $65,000. Edgestream Partners L.P. bought a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $1,168,000. Raymond James Financial Inc. acquired a new position in shares of Harley-Davidson in the fourth quarter valued at $18,802,000. Finally, Proficio Capital Partners LLC bought a new position in Harley-Davidson in the fourth quarter worth $1,341,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HOG shares. Morgan Stanley lowered 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 report on Thursday, February 6th. DA Davidson lowered their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. UBS Group dropped their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Robert W. Baird decreased their price objective on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Bank of America dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $32.00.

Insider Buying and Selling

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company'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 transaction, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by corporate insiders.

Harley-Davidson Price Performance

Shares of NYSE HOG traded down $0.07 during mid-day trading on Friday, hitting $22.94. 3,947,719 shares of the stock were exchanged, compared to its average volume of 1,882,134. Harley-Davidson, Inc. has a twelve month low of $21.15 and a twelve month high of $43.63. The stock's fifty day simple moving average is $25.86 and its two-hundred day simple moving average is $30.41. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The company has a market cap of $2.86 billion, a P/E ratio of 6.89, a PEG ratio of 0.38 and a beta of 1.49.

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

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson's payout ratio is currently 21.62%.

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.