Crossmark Global Holdings Inc. Buys 1,900 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Crossmark Global Holdings Inc. boosted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 2.6% in the 3rd quarter, Holdings Channel reports. The firm owned 74,160 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Harley-Davidson were worth $2,857,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HOG. Signaturefd LLC increased its holdings in Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after acquiring an additional 597 shares during the period. Fifth Third Bancorp increased its holdings in shares of Harley-Davidson by 19.5% in the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after purchasing an additional 322 shares during the period. GAMMA Investing LLC grew its position in Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after buying an additional 320 shares in the last quarter. Covestor Ltd increased its stake in Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after acquiring an additional 448 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock valued at $141,000 after acquiring an additional 697 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HOG shares. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. UBS Group cut their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Bank of America reduced their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. StockNews.com downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Citigroup reduced their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.57.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $33.09 on Tuesday. The company’s fifty day simple moving average is $35.48 and its two-hundred day simple moving average is $35.24. Harley-Davidson, Inc. has a 12-month low of $26.40 and a 12-month high of $44.16. The firm has a market cap of $4.21 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.09%. Harley-Davidson’s payout ratio is presently 15.54%.

Harley-Davidson declared that its board has initiated a stock repurchase program on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 19.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares in the company, valued at $570,405.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by company insiders.

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.