Harley-Davidson, Inc. (NYSE:HOG) Insider Sells $88,264.00 in Stock

Harley-Davidson, Inc. (NYSE:HOG) insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The stock was 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 directly owns 23,555 shares of the company’s stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Harley-Davidson Stock Performance

NYSE HOG traded up $0.54 during trading hours on Tuesday, hitting $26.29. 1,875,238 shares of the company’s stock traded hands, compared to its average volume of 2,339,312. The business’s fifty day moving average price is $29.00 and its two-hundred day moving average price is $33.05. The company has a current ratio of 1.40, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $3.35 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.36 and a beta of 1.46. Harley-Davidson, Inc. has a 52 week low of $25.25 and a 52 week high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) 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 prior year, the business earned $0.18 EPS. Equities research analysts predict that Harley-Davidson, Inc. will post 3.65 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.18 dividend. This is a positive change 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 2.74%. Harley-Davidson’s dividend payout ratio is presently 20.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DA Davidson decreased their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Citigroup decreased their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Morgan Stanley decreased their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” 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 report on Tuesday, December 31st. Finally, UBS Group decreased their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.57.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds have recently modified their holdings of the company. Brickwood Asset Management LLP bought a new position in shares of Harley-Davidson in the fourth quarter worth approximately $27,783,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $19,012,000 after purchasing an additional 240,411 shares during the period. Tidal Investments LLC boosted its position in shares of Harley-Davidson by 40.7% in the fourth quarter. Tidal Investments LLC now owns 17,493 shares of the company’s stock worth $527,000 after purchasing an additional 5,059 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of Harley-Davidson in the fourth quarter worth approximately $783,000. Finally, Redwood Investment Management LLC bought a new position in shares of Harley-Davidson in the fourth quarter worth approximately $3,686,000. 85.10% of the stock is currently owned by institutional investors.

About Harley-Davidson

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.