New York State Teachers Retirement System Trims Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

New York State Teachers Retirement System decreased its position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,747 shares of the company's stock after selling 19,387 shares during the period. New York State Teachers Retirement System owned 0.10% of Harley-Davidson worth $4,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC lifted its position in Harley-Davidson by 4.7% during the third quarter. MML Investors Services LLC now owns 8,430 shares of the company's stock valued at $325,000 after acquiring an additional 379 shares during the last quarter. Covestor Ltd raised its holdings in shares of Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company's stock worth $135,000 after buying an additional 448 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Harley-Davidson by 23.5% in the third quarter. Blue Trust Inc. now owns 3,659 shares of the company's stock worth $141,000 after buying an additional 697 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Harley-Davidson by 3.0% in the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company's stock worth $1,064,000 after buying an additional 807 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Harley-Davidson by 1.7% in the third quarter. Toronto Dominion Bank now owns 49,995 shares of the company's stock worth $1,926,000 after buying an additional 815 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock traded down $0.48 during trading on Friday, hitting $26.47. 1,760,286 shares of the company's stock were exchanged, compared to its average volume of 2,288,014. 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 business has a 50-day simple moving average of $28.61 and a 200-day simple moving average of $32.90. Harley-Davidson, Inc. has a 52-week low of $25.25 and a 52-week high of $44.16. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.37 and a beta of 1.46.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate 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 quarter last year, the business posted $0.18 EPS. On average, research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

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

Wall Street Analyst Weigh In

HOG has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. StockNews.com raised shares of Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Citigroup decreased their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. UBS Group decreased their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday. Finally, DA Davidson decreased their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $33.57.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.87% of the company's stock.

Harley-Davidson Company 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.