Harley-Davidson, Inc. (NYSE:HOG) Director Sells $137,965.50 in Stock

Harley-Davidson, Inc. (NYSE:HOG) Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $31.87 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The company has a market cap of $4.19 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.46. The company has a 50-day simple moving average of $36.08 and a 200-day simple moving average of $35.49. Harley-Davidson, Inc. has a 12 month low of $26.35 and a 12 month high of $44.16.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.1725 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a yield of 2.17%. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Harley-Davidson announced that its board has initiated a stock repurchase program on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 19.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

HOG has been the topic of several research reports. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Citigroup cut their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Bank of America lowered their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, UBS Group lifted their price objective on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson has an average rating of “Moderate Buy” and an average price target of $43.29.

Institutional Investors Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently made changes to their positions in HOG. GAMMA Investing LLC grew its holdings in Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after buying an additional 320 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after acquiring an additional 322 shares during the period. Toronto Dominion Bank boosted its position in shares of Harley-Davidson by 0.7% in the first quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after acquiring an additional 345 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Harley-Davidson by 0.3% in the first quarter. Retirement Systems of Alabama now owns 159,149 shares of the company’s stock valued at $6,961,000 after purchasing an additional 420 shares during the period. Finally, Covestor Ltd increased 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 purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

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.