New York State Teachers Retirement System Has $4 Million Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

New York State Teachers Retirement System lowered its position in Harley-Davidson, Inc. (NYSE:HOG) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,747 shares of the company’s stock after selling 19,387 shares during the period. New York State Teachers Retirement System owned 0.10% of Harley-Davidson worth $4,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new position in shares of Harley-Davidson in the third quarter valued at $35,000. Ashton Thomas Securities LLC purchased a new position in Harley-Davidson during the 3rd quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson during the 4th quarter valued at about $42,000. Brooklyn Investment Group purchased a new position in shares of Harley-Davidson during the 3rd quarter worth approximately $79,000. Finally, Covestor Ltd raised its stake in Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after buying an additional 448 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

HOG has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. DA Davidson decreased their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Citigroup decreased their price target on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Morgan Stanley dropped their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.57.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was 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 directly owns 23,555 shares of the company’s stock, valued at $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $26.97 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The business’s 50 day moving average price is $28.61 and its 200-day moving average price is $32.90. The firm has a market capitalization of $3.43 billion, a PE ratio of 8.10, a P/E/G ratio of 0.37 and a beta of 1.46. Harley-Davidson, Inc. has a 1 year low of $25.25 and a 1 year high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its 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 net margin of 9.25% and a return on equity of 13.64%. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.67%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, February 28th. Harley-Davidson’s payout ratio is presently 20.72%.

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.