Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 43.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,729 shares of the company’s stock after selling 9,929 shares during the quarter. HighTower Advisors LLC’s holdings in Harley-Davidson were worth $384,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC raised its position in Harley-Davidson by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 24,158 shares of the company’s stock valued at $931,000 after purchasing an additional 858 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at $214,000. Verition Fund Management LLC lifted its position in shares of Harley-Davidson by 35.2% during the 3rd quarter. Verition Fund Management LLC now owns 97,805 shares of the company’s stock worth $3,768,000 after purchasing an additional 25,472 shares during the last quarter. Paloma Partners Management Co purchased a new position in Harley-Davidson in the third quarter valued at $339,000. Finally, Centiva Capital LP raised its stake in Harley-Davidson by 103.8% in the third quarter. Centiva Capital LP now owns 24,989 shares of the company’s stock valued at $963,000 after buying an additional 12,725 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $25.26 on Tuesday. The company has a 50-day simple moving average of $26.21 and a 200-day simple moving average of $30.75. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $43.89. The company has a market cap of $3.15 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data 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 net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the company posted $0.18 earnings per share. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.85%. Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analysts Forecast Growth

HOG has been the subject of several analyst reports. Bank of America lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Citigroup decreased their price objective on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Morgan Stanley reduced their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Robert W. Baird lowered their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 31st. Finally, DA Davidson reduced their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Six 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, Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $33.57.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s 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 transaction, the insider now 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 document filed with the SEC, which is available through the SEC website. 0.87% of the stock is owned by corporate 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.