Armstrong Advisory Group Inc. Cuts Stake in Harley-Davidson, Inc. (NYSE:HOG)

Armstrong Advisory Group Inc. decreased its position in Harley-Davidson, Inc. (NYSE:HOG) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,227 shares of the company’s stock after selling 624 shares during the period. Armstrong Advisory Group Inc.’s holdings in Harley-Davidson were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Prospera Private Wealth LLC purchased a new stake in Harley-Davidson in the 3rd quarter valued at approximately $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at approximately $38,000. Brooklyn Investment Group purchased a new stake in shares of Harley-Davidson in the third quarter valued at approximately $79,000. GAMMA Investing LLC grew its holdings in Harley-Davidson by 24.6% during the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after acquiring an additional 494 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Harley-Davidson by 191.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company’s stock worth $133,000 after acquiring an additional 2,626 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on HOG shares. Citigroup decreased their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Bank of America lowered their target price 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. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average price target of $42.00.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $29.66 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.32 and a beta of 1.48. Harley-Davidson, Inc. has a fifty-two week low of $27.37 and a fifty-two week high of $44.16. The stock has a fifty day moving average of $31.68 and a two-hundred day moving average of $34.23.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.1725 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 annualized dividend and a dividend yield of 2.33%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

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.