Treasurer of the State of North Carolina Sells 27,602 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Treasurer of the State of North Carolina lowered its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 34.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,062 shares of the company's stock after selling 27,602 shares during the quarter. Treasurer of the State of North Carolina's holdings in Harley-Davidson were worth $1,569,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its position in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after buying an additional 554 shares in the last quarter. Bessemer Group Inc. grew its holdings in Harley-Davidson by 237.9% during the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after acquiring an additional 916 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Harley-Davidson during the 4th quarter worth about $42,000. Global Retirement Partners LLC raised its holdings in shares of Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after purchasing an additional 846 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Harley-Davidson by 201.8% in the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock worth $57,000 after purchasing an additional 1,263 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HOG. Robert W. Baird cut their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. DA Davidson reissued a "buy" rating and issued a $31.00 price target on shares of Harley-Davidson in a research report on Wednesday, April 9th. UBS Group dropped their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Citigroup reduced their target price on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, 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. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Harley-Davidson presently has a consensus rating of "Hold" and a consensus target price of $32.00.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $22.56 on Friday. The company has a 50 day moving average price of $24.81 and a 200 day moving average price of $29.28. The firm has a market capitalization of $2.79 billion, a P/E ratio of 6.77, a PEG ratio of 0.38 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $40.14.

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

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. Harley-Davidson's dividend payout ratio is currently 21.62%.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares of the company's stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.93% 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.

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