Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 263,007 shares of the company’s stock after selling 11,684 shares during the quarter. Principal Financial Group Inc. owned approximately 0.21% of Harley-Davidson worth $7,924,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson in the third quarter valued at about $35,000. Ashton Thomas Securities LLC purchased a new position in Harley-Davidson in the 3rd quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Harley-Davidson during the 4th quarter worth approximately $42,000. Brooklyn Investment Group acquired a new stake in shares of Harley-Davidson in the third quarter valued at approximately $79,000. Finally, Covestor Ltd lifted its position in Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after buying an additional 448 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOG has been the topic of several analyst reports. Bank of America reduced 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. Robert W. Baird decreased their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Citigroup cut their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. DA Davidson cut their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.57.

Insider Activity

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares of the company’s stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Down 2.4 %

Shares of NYSE HOG opened at $25.75 on Friday. The stock has a market cap of $3.28 billion, a P/E ratio of 7.73, a PEG ratio of 0.38 and a beta of 1.46. The business’s fifty day simple moving average is $28.02 and its 200-day simple moving average is $32.49. Harley-Davidson, Inc. has a 12-month low of $25.25 and a 12-month high of $44.16. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41.

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 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 business posted $0.18 earnings per share. As a group, equities analysts predict that Harley-Davidson, Inc. will post 3.44 EPS 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. Stockholders of record on Friday, February 28th will be given a dividend of $0.18 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Friday, February 28th. Harley-Davidson’s dividend payout ratio is currently 21.62%.

Harley-Davidson Company 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.