Van ECK Associates Corp Sells 5,670 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Van ECK Associates Corp reduced its stake in Harley-Davidson, Inc. (NYSE:HOG) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,775 shares of the company’s stock after selling 5,670 shares during the period. Van ECK Associates Corp owned 0.13% of Harley-Davidson worth $5,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HOG. Prospera Private Wealth LLC bought a new position in shares of Harley-Davidson during the third quarter valued at approximately $35,000. Ashton Thomas Securities LLC purchased a new stake in Harley-Davidson during the third quarter worth $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Harley-Davidson during the fourth quarter worth $42,000. Brooklyn Investment Group purchased a new position in shares of Harley-Davidson in the 3rd quarter valued at $79,000. Finally, Covestor Ltd raised its position in shares of Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after acquiring an additional 448 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Up 2.1 %

Shares of HOG opened at $26.29 on Wednesday. The company’s 50-day simple moving average is $28.86 and its 200-day simple moving average is $32.98. The stock has a market capitalization of $3.35 billion, a PE ratio of 7.89, a P/E/G ratio of 0.36 and a beta of 1.46. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.40. Harley-Davidson, Inc. has a 1 year low of $25.25 and a 1 year high of $44.16.

Harley-Davidson (NYSE:HOG) last released its 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 return on equity of 13.64% and a net margin of 9.25%. During the same period last year, the firm earned $0.18 EPS. Analysts forecast that Harley-Davidson, Inc. will post 3.65 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given 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 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, February 28th. Harley-Davidson’s dividend payout ratio (DPR) is presently 20.72%.

Wall Street Analyst Weigh In

HOG has been the topic of several analyst reports. Citigroup cut their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. DA Davidson reduced their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. UBS Group lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Robert W. Baird cut their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Finally, Morgan Stanley lowered their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.57.

Insider Buying and Selling at Harley-Davidson

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

Harley-Davidson 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.