Principal Financial Group Inc. Has $10.58 Million Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Principal Financial Group Inc. cut its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 32.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,691 shares of the company's stock after selling 132,807 shares during the period. Principal Financial Group Inc. owned 0.20% of Harley-Davidson worth $10,584,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Harley-Davidson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company's stock worth $587,372,000 after acquiring an additional 452,536 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 708,260 shares during the period. LSV Asset Management increased its stake in shares of 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 during the period. American Century Companies Inc. raised its holdings in shares of Harley-Davidson by 42.8% during the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company's stock valued at $75,932,000 after buying an additional 678,092 shares during the last quarter. Finally, Raymond James & Associates increased 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 during the period. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Trading Up 0.2 %

Shares of Harley-Davidson stock traded up $0.07 on Monday, reaching $32.97. 1,078,970 shares of the company were exchanged, compared to its average volume of 1,726,312. Harley-Davidson, Inc. has a fifty-two week low of $29.67 and a fifty-two week high of $44.16. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The stock has a fifty day moving average price of $35.09 and a 200-day moving average price of $35.17.

Harley-Davidson announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 19.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a $0.1725 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.09%. Harley-Davidson's dividend payout ratio (DPR) is presently 15.54%.

Insider Transactions at Harley-Davidson

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 transaction of $137,965.50. Following the completion of the sale, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com lowered Harley-Davidson from a "hold" rating to a "sell" rating in a research report on Friday, November 8th. Baird R W downgraded shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 2nd. Citigroup lowered their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. UBS Group reduced 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, Robert W. Baird cut shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $42.57.

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.