State of Wisconsin Investment Board lessened its position in shares of Harley-Davidson Inc (NYSE:HOG) by 66.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,838 shares of the company’s stock after selling 309,463 shares during the quarter. State of Wisconsin Investment Board’s holdings in Harley-Davidson were worth $8,031,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in HOG. Bank of New York Mellon Corp grew its holdings in shares of Harley-Davidson by 18.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock worth $153,476,000 after purchasing an additional 488,628 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Harley-Davidson by 31.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,000,400 shares of the company’s stock worth $96,439,000 after purchasing an additional 482,900 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Harley-Davidson by 86.5% during the 3rd quarter. Mackenzie Financial Corp now owns 574,565 shares of the company’s stock worth $27,700,000 after purchasing an additional 266,500 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Harley-Davidson by 27.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,129,738 shares of the company’s stock worth $54,465,000 after purchasing an additional 245,139 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Harley-Davidson by 94.4% during the 4th quarter. First Trust Advisors LP now owns 345,013 shares of the company’s stock worth $17,554,000 after purchasing an additional 167,514 shares in the last quarter. 95.87% of the stock is currently owned by institutional investors.
Harley-Davidson Inc (HOG) opened at $45.54 on Wednesday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06. Harley-Davidson Inc has a 52-week low of $44.52 and a 52-week high of $63.40. The stock has a market capitalization of $7,853.13, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84.
Harley-Davidson declared that its Board of Directors has initiated a stock buyback plan on Monday, February 5th that allows the company to repurchase 15,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be given a $0.37 dividend. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.48 annualized dividend and a yield of 3.25%. Harley-Davidson’s payout ratio is presently 49.66%.
In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of Harley-Davidson stock in a transaction 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 completion of the transaction, the vice president now owns 3,399 shares in the company, valued at approximately $161,860.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of Harley-Davidson stock in a transaction 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. Insiders own 0.70% of the company’s stock.
Several brokerages have recently weighed in on HOG. Citigroup decreased their price objective on Harley-Davidson from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Zacks Investment Research lowered Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine lowered Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Wells Fargo & Co decreased their price target on Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Finally, Stifel Nicolaus decreased their price target on Harley-Davidson from $54.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $52.00.
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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