Principal Financial Group Inc. Sells 132,807 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Principal Financial Group Inc. lessened its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 32.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,691 shares of the company's stock after selling 132,807 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Harley-Davidson worth $10,584,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HOG. Dimensional Fund Advisors LP increased its stake in Harley-Davidson by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company's stock valued at $209,576,000 after purchasing an additional 708,260 shares in the last quarter. LSV Asset Management grew its holdings in shares of Harley-Davidson by 17.3% during the second quarter. LSV Asset Management now owns 5,705,775 shares of the company's stock valued at $191,372,000 after buying an additional 842,407 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Harley-Davidson by 22,680.0% during the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company's stock worth $161,166,000 after acquiring an additional 4,164,502 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Harley-Davidson by 42.8% in the 2nd quarter. American Century Companies Inc. now owns 2,263,919 shares of the company's stock worth $75,932,000 after acquiring an additional 678,092 shares during the last quarter. Finally, Raymond James & Associates lifted 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 valued at $24,929,000 after acquiring an additional 30,725 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOG has been the subject of several analyst reports. Baird R W downgraded Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Citigroup lowered their price target on Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. StockNews.com upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Bank of America reduced their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. Finally, Robert W. Baird dropped their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $42.00.

Harley-Davidson Stock Performance

HOG traded up $0.44 during trading on Tuesday, hitting $30.13. 1,101,144 shares of the company traded hands, compared to its average volume of 1,673,951. Harley-Davidson, Inc. has a one year low of $29.46 and a one year high of $44.16. The stock's fifty day moving average is $32.48 and its 200 day moving average is $34.60. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The firm has a market cap of $3.84 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.45 and a beta of 1.47.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 annualized dividend and a dividend yield of 2.29%. Harley-Davidson's payout ratio is currently 15.54%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the transaction, the director now directly owns 17,687 shares of the company's stock, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by insiders.

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.