Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,309 shares of the company’s stock after selling 803 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Harley-Davidson were worth $763,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Xponance Inc. grew its position in Harley-Davidson by 6.5% during the 4th quarter. Xponance Inc. now owns 14,123 shares of the company’s stock worth $426,000 after purchasing an additional 856 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Harley-Davidson by 160.5% during the fourth quarter. Intech Investment Management LLC now owns 31,011 shares of the company’s stock worth $934,000 after buying an additional 19,108 shares during the period. Vestcor Inc purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $313,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Harley-Davidson by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,928 shares of the company’s stock valued at $902,000 after buying an additional 2,888 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Harley-Davidson in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HOG. Citigroup decreased their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Robert W. Baird decreased their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Bank of America cut their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, UBS Group cut their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $33.57.

Harley-Davidson Trading Up 1.5 %

Shares of HOG stock opened at $25.97 on Thursday. Harley-Davidson, Inc. has a twelve month low of $23.81 and a twelve month high of $44.16. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.38 and a beta of 1.49. The company’s 50-day moving average price is $26.44 and its 200-day moving average price is $30.99. 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 announced 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 return on equity of 13.64% and a net margin of 9.25%. During the same quarter last year, the company posted $0.18 EPS. As a group, equities analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.77%. Harley-Davidson’s dividend payout ratio is currently 21.62%.

Insider Buying and Selling

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

Harley-Davidson 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.