Intech Investment Management LLC Sells 4,816 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Intech Investment Management LLC cut its stake in Harley-Davidson, Inc. (NYSE:HOG) by 28.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,903 shares of the company’s stock after selling 4,816 shares during the period. Intech Investment Management LLC’s holdings in Harley-Davidson were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HOG. GAMMA Investing LLC lifted its stake in Harley-Davidson by 19.0% in the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after buying an additional 320 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after acquiring an additional 322 shares during the period. Covestor Ltd grew its stake in shares of Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after acquiring an additional 448 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after purchasing an additional 597 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Harley-Davidson by 23.5% during the 3rd 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. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares in the company, valued at $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by company insiders.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $34.04 on Tuesday. The company’s 50 day moving average is $34.30 and its 200 day moving average is $35.03. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.45 and a beta of 1.46. Harley-Davidson, Inc. has a 52-week low of $30.48 and a 52-week high of $44.16.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Tuesday, December 10th will be given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, December 10th. Harley-Davidson’s payout ratio is currently 15.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HOG shares. Bank of America cut their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Citigroup cut their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.57.

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.