Insider Selling: Harley-Davidson, Inc. (NYSE:HOG) Director Sells 4,278 Shares of Stock

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) Director Maryrose Sylvester sold 4,278 shares of the company's stock in a transaction 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 in the company, valued at approximately $570,405.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Harley-Davidson Stock Down 0.3 %

NYSE HOG traded down $0.08 during trading hours on Friday, hitting $31.87. 1,910,664 shares of the company were exchanged, compared to its average volume of 1,744,122. The company has a 50 day moving average of $36.08 and a two-hundred day moving average of $35.49. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a 52-week low of $26.35 and a 52-week high of $44.16. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.41 and a beta of 1.44.

Harley-Davidson announced that its Board of Directors has authorized a stock buyback program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 19.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.1725 per share. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a yield of 2.17%. Harley-Davidson's dividend payout ratio (DPR) is 15.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Bank of America decreased their price target on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. Citigroup decreased their price target on Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Robert W. Baird lowered Harley-Davidson from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. UBS Group increased their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, August 23rd. Finally, Baird R W lowered Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HOG. LSV Asset Management increased its holdings in shares of Harley-Davidson by 17.3% in the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company's stock valued at $191,372,000 after acquiring an additional 842,407 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Harley-Davidson by 12.8% in 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 during the period. American Century Companies Inc. boosted its position 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 valued at $75,932,000 after purchasing an additional 678,092 shares during the period. Vanguard Group Inc. boosted its position 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 valued at $587,372,000 after purchasing an additional 452,536 shares during the period. Finally, SG Capital Management LLC acquired a new stake in shares of Harley-Davidson in the 1st quarter valued at about $11,797,000. Hedge funds and other institutional investors own 85.10% 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.