Rhumbline Advisers Has $10.22 Million Stake in Harley-Davidson, Inc. (NYSE:HOG)

Rhumbline Advisers reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339,102 shares of the company’s stock after selling 9,956 shares during the period. Rhumbline Advisers owned approximately 0.27% of Harley-Davidson worth $10,217,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several analysts recently weighed in on HOG shares. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird lowered their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. UBS Group cut their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday. Citigroup lowered their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Finally, Bank of America cut their target price on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.57.

Harley-Davidson Stock Down 1.8 %

Harley-Davidson stock opened at $26.47 on Monday. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46. The firm’s fifty day moving average price is $28.49 and its two-hundred day moving average price is $32.79. Harley-Davidson, Inc. has a 1-year low of $25.25 and a 1-year high of $44.16. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.18 dividend. 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 yield of 2.72%. The ex-dividend date of this dividend is Friday, February 28th. Harley-Davidson’s dividend payout ratio is presently 21.62%.

Insider Buying and Selling at Harley-Davidson

In other 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 value of $88,264.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.87% 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.