Harley-Davidson, Inc. (NYSE:HOG) Stock Holdings Trimmed by Blue Trust Inc.

Blue Trust Inc. reduced its position in Harley-Davidson, Inc. (NYSE:HOG) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,850 shares of the company’s stock after selling 809 shares during the quarter. Blue Trust Inc.’s holdings in Harley-Davidson were worth $86,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOG. Allspring Global Investments Holdings LLC increased its holdings in Harley-Davidson by 289.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,442 shares of the company’s stock valued at $287,000 after buying an additional 5,531 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Harley-Davidson during the third quarter valued at approximately $294,000. Verity Asset Management Inc. grew its holdings in shares of Harley-Davidson by 28.3% during the third quarter. Verity Asset Management Inc. now owns 8,396 shares of the company’s stock valued at $323,000 after purchasing an additional 1,851 shares during the last quarter. Leavell Investment Management Inc. bought a new position in shares of Harley-Davidson during the third quarter valued at approximately $211,000. Finally, Covestor Ltd grew its holdings in shares of 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 purchasing an additional 448 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Stock Performance

HOG opened at $26.47 on Friday. The company 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 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, Inc. has a 1-year low of $25.25 and a 1-year high of $44.16. The business has a 50 day moving average price of $28.49 and a two-hundred day moving average price of $32.81.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $0.18 earnings per share. Research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is 21.62%.

Insider Activity

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HOG shares. Bank of America lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Morgan Stanley lowered their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. UBS Group lowered their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday. Citigroup lowered their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.57.

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.