State of New Jersey Common Pension Fund D Grows Position in Harley-Davidson, Inc. (NYSE:HOG)

State of New Jersey Common Pension Fund D increased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,155 shares of the company’s stock after acquiring an additional 12,093 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Harley-Davidson worth $1,933,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HOG. Pacer Advisors Inc. grew its holdings in shares of Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after purchasing an additional 1,285,225 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Harley-Davidson by 38.6% during the third quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock valued at $20,555,000 after purchasing an additional 148,537 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Harley-Davidson by 559.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after buying an additional 334,830 shares in the last quarter. Algert Global LLC increased its holdings in shares of 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 buying an additional 137,644 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of Harley-Davidson by 4.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 298,071 shares of the company’s stock worth $11,485,000 after buying an additional 11,684 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HOG. 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 note on Thursday, January 30th. UBS Group dropped 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 note 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 research note on Tuesday, December 31st. Morgan Stanley lowered their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Citigroup cut their price target 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.57.

Harley-Davidson Trading Up 0.3 %

Shares of Harley-Davidson stock opened at $26.50 on Tuesday. The stock has a market cap of $3.37 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46. The firm has a fifty day moving average price of $28.38 and a 200 day moving average price of $32.73. Harley-Davidson, Inc. has a 1 year low of $25.25 and a 1 year high of $44.16. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the company earned $0.18 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently announced 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 is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.72%. Harley-Davidson’s dividend payout ratio (DPR) is 21.62%.

About Harley-Davidson

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.