Retirement Systems of Alabama Trims Stake in Harley-Davidson, Inc. (NYSE:HOG)

Retirement Systems of Alabama decreased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 143,899 shares of the company’s stock after selling 7,173 shares during the quarter. Retirement Systems of Alabama’s holdings in Harley-Davidson were worth $5,544,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in 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 purchasing an additional 322 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Harley-Davidson by 4.7% during the third quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock worth $325,000 after buying an additional 379 shares in the last quarter. Covestor Ltd raised its position in shares of Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after buying an additional 448 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Harley-Davidson by 24.6% during the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after buying an additional 494 shares during the period. Finally, Signaturefd LLC boosted its position in Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after acquiring an additional 597 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HOG has been the subject of several analyst reports. Bank of America cut their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. StockNews.com upgraded 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 for the company in a report on Thursday, November 7th. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.57.

Harley-Davidson Stock Down 3.4 %

Shares of NYSE:HOG opened at $30.48 on Thursday. Harley-Davidson, Inc. has a 1 year low of $30.33 and a 1 year high of $44.16. The stock has a 50-day simple moving average of $33.28 and a 200-day simple moving average of $34.82. 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 stock has a market capitalization of $3.88 billion, a P/E ratio of 6.86, a PEG ratio of 0.45 and a beta of 1.47.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, December 10th. Harley-Davidson’s payout ratio is currently 15.54%.

Insider Activity

In other news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.