Harley-Davidson, Inc. (NYSE:HOG) Director Sells $137,965.50 in Stock

Harley-Davidson, Inc. (NYSE:HOG) Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction that occurred on 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 transaction, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Harley-Davidson Stock Down 0.3 %

HOG stock traded down $0.08 during trading on Friday, reaching $31.87. 1,910,644 shares of the stock were exchanged, compared to its average volume of 1,744,122. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a twelve month low of $26.35 and a twelve month high of $44.16. The firm’s 50 day moving average is $36.20 and its 200 day moving average is $35.54. The firm has a market cap of $4.19 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.44.

Harley-Davidson declared that its board has authorized a stock buyback program on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 19.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s payout ratio is currently 15.54%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HOG. Vanguard Group Inc. raised its holdings in shares of Harley-Davidson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock worth $587,372,000 after acquiring an additional 452,536 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Harley-Davidson by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock worth $209,576,000 after purchasing an additional 708,260 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Harley-Davidson by 17.3% in the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock valued at $191,372,000 after purchasing an additional 842,407 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Harley-Davidson by 42.8% during the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock valued at $75,932,000 after buying an additional 678,092 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Harley-Davidson by 5.0% during the third quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock worth $24,929,000 after buying an additional 30,725 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America dropped their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Citigroup dropped their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, UBS Group raised their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

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.