Teachers Retirement System of The State of Kentucky cut its holdings in Harley-Davidson Inc (NYSE:HOG) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,906 shares of the company’s stock after selling 7,092 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of Harley-Davidson worth $4,575,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of HOG. Steward Partners Investment Advisory LLC acquired a new stake in shares of Harley-Davidson during the third quarter worth about $166,000. IFG Advisory LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter worth about $239,000. Dynamic Capital Management Ltd acquired a new stake in shares of Harley-Davidson during the fourth quarter worth about $255,000. IFM Investors Pty Ltd acquired a new stake in shares of Harley-Davidson during the third quarter worth about $280,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Harley-Davidson by 22.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock worth $294,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 95.87% of the company’s stock.
In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $47.62, for a total value of $41,429.40. Following the sale, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $47.74, for a total value of $66,883.74. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.
A number of research firms have recently commented on HOG. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Longbow Research cut Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Citigroup cut their target price on Harley-Davidson from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, Wedbush cut their target price on Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $52.00.
Harley-Davidson Inc (NYSE HOG) opened at $44.14 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. Harley-Davidson Inc has a twelve month low of $43.30 and a twelve month high of $62.95. The stock has a market capitalization of $7,312.52, a PE ratio of 12.51, a P/E/G ratio of 1.44 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. analysts expect that Harley-Davidson Inc will post 3.77 EPS for the current year.
Harley-Davidson announced that its Board of Directors has authorized a share buyback plan on Monday, February 5th that allows the company to repurchase 15,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Tuesday, February 13th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s payout ratio is currently 49.66%.
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Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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