Vestcor Inc acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,391 shares of the company's stock, valued at approximately $313,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mork Capital Management LLC bought a new stake in shares of Harley-Davidson in the third quarter valued at approximately $1,926,000. Hussman Strategic Advisors Inc. acquired a new position in Harley-Davidson in the 4th quarter valued at $1,898,000. Proficio Capital Partners LLC bought a new stake in shares of Harley-Davidson during the 4th quarter valued at $1,341,000. Bank of New York Mellon Corp grew its holdings in shares of Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock worth $44,295,000 after purchasing an additional 157,939 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company's stock worth $10,900,000 after purchasing an additional 162,899 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on HOG. Robert W. Baird cut their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, December 31st. StockNews.com upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. UBS Group decreased their price target on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. DA Davidson lowered their target price on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Finally, Bank of America cut their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Harley-Davidson has a consensus rating of "Hold" and an average target price of $33.57.
Check Out Our Latest Report on HOG
Insiders Place Their Bets
In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business'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 sale, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company's stock.
Harley-Davidson Trading Down 2.4 %
Shares of Harley-Davidson stock traded down $0.60 on Friday, reaching $24.65. 10,135,118 shares of the company's stock were exchanged, compared to its average volume of 1,815,103. The firm's 50-day moving average is $26.69 and its two-hundred day moving average is $31.36. The company has a market capitalization of $3.07 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. Harley-Davidson, Inc. has a 52 week low of $23.81 and a 52 week high of $44.16.
Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) 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 last year, the firm earned $0.18 earnings per share. Sell-side analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.
Harley-Davidson Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.18 per share. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, February 28th. Harley-Davidson's dividend payout ratio is 21.62%.
Harley-Davidson Profile
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Free Report)
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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