Luke Christopher Mansfield Sells 3,400 Shares of Harley-Davidson, Inc. (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction 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 transaction, the insider now owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Harley-Davidson Price Performance

Harley-Davidson stock traded up $0.54 during mid-day trading on Tuesday, reaching $26.29. 1,875,238 shares of the company’s stock traded hands, compared to its average volume of 2,339,312. Harley-Davidson, Inc. has a 12-month low of $25.25 and a 12-month high of $44.16. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.36 and a beta of 1.46. The company has a quick ratio of 1.25, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average of $29.00 and a two-hundred day moving average of $33.05.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted $0.18 earnings per share. Equities analysts forecast that Harley-Davidson, Inc. will post 3.65 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.74%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is currently 20.72%.

Analyst Ratings Changes

HOG has been the subject of a number of research reports. Morgan Stanley dropped 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 research report on Thursday, February 6th. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. DA Davidson dropped their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Robert W. Baird decreased their price target 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.57.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brickwood Asset Management LLP purchased a new stake in shares of Harley-Davidson in the fourth quarter valued at $27,783,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Harley-Davidson by 61.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 630,990 shares of the company’s stock valued at $19,012,000 after acquiring an additional 240,411 shares during the period. Tidal Investments LLC increased its stake in Harley-Davidson by 40.7% in the 4th quarter. Tidal Investments LLC now owns 17,493 shares of the company’s stock worth $527,000 after buying an additional 5,059 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in Harley-Davidson in the 4th quarter worth about $783,000. Finally, Redwood Investment Management LLC purchased a new position in Harley-Davidson in the 4th quarter worth about $3,686,000. 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.