New York State Common Retirement Fund Reduces Stake in Harley-Davidson, Inc. (NYSE:HOG)

New York State Common Retirement Fund lowered its position in Harley-Davidson, Inc. (NYSE:HOG) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,351 shares of the company’s stock after selling 7,425 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Harley-Davidson worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in HOG. Mork Capital Management LLC bought a new position in Harley-Davidson in the third quarter worth approximately $1,926,000. Barclays PLC raised 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 acquiring an additional 162,899 shares during the period. Quantinno Capital Management LP raised its position in shares of Harley-Davidson by 151.3% in the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock worth $1,945,000 after acquiring an additional 30,388 shares during the period. Quantbot Technologies LP raised its position in shares of Harley-Davidson by 190.4% during the 3rd quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after purchasing an additional 112,948 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Harley-Davidson during the 3rd quarter worth about $2,725,000. Institutional investors own 85.10% of the company’s stock.

Insider Activity

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction 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 transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

HOG has been the subject of several research reports. DA Davidson dropped their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. UBS Group lowered their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Robert W. Baird reduced their target price 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. Morgan Stanley reduced their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup reduced their price objective 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.57.

Harley-Davidson Price Performance

NYSE HOG opened at $25.75 on Friday. Harley-Davidson, Inc. has a 12-month low of $25.25 and a 12-month high of $44.16. The stock has a market capitalization of $3.28 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average price of $28.02 and a two-hundred day moving average price of $32.49.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (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 quarter last year, the company posted $0.18 EPS. As a group, equities analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is 21.62%.

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.