Truist Financial Corp Sells 1,198 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Truist Financial Corp lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,159 shares of the company’s stock after selling 1,198 shares during the period. Truist Financial Corp’s holdings in Harley-Davidson were worth $216,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HOG. Pacer Advisors Inc. increased its holdings in shares of Harley-Davidson by 22,680.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock worth $161,166,000 after acquiring an additional 4,164,502 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Harley-Davidson by 559.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after acquiring an additional 334,830 shares during the period. Barclays PLC lifted its position in shares of Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after buying an additional 162,899 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Harley-Davidson by 38.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock worth $20,555,000 after buying an additional 148,537 shares during the last quarter. Finally, Algert Global LLC increased its holdings in Harley-Davidson by 72.6% in the 3rd quarter. Algert Global LLC now owns 327,286 shares of the company’s stock worth $12,610,000 after purchasing an additional 137,644 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the subject of several recent research reports. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America cut their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. DA Davidson dropped their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Morgan Stanley dropped their target price on 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, UBS Group cut their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $33.57.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated 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 sale, the insider now directly owns 23,555 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.87% of the stock is owned by corporate insiders.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $25.44 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $3.17 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.38 and a beta of 1.46. The business has a fifty day simple moving average of $27.66 and a two-hundred day simple moving average of $32.24. Harley-Davidson, Inc. has a 12 month low of $23.82 and a 12 month high of $44.16.

Harley-Davidson (NYSE:HOG) last posted 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 period in the previous year, the business posted $0.18 earnings per share. On average, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 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. Investors of record on Friday, February 28th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.83%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, February 28th. Harley-Davidson’s dividend payout ratio (DPR) is presently 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.