Luke Christopher Mansfield Sells 3,400 Shares of Harley-Davidson, Inc. (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Harley-Davidson Trading Up 2.1 %

NYSE:HOG opened at $26.29 on Wednesday. Harley-Davidson, Inc. has a 1-year low of $25.25 and a 1-year high of $44.16. The business’s 50-day moving average price is $28.86 and its two-hundred day moving average price is $32.98. 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 price-to-earnings ratio of 7.89, a PEG ratio of 0.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share 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 period last year, the business posted $0.18 earnings per share. On average, equities analysts expect that Harley-Davidson, Inc. will post 3.65 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.74%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 20.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Bank of America dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. UBS Group dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Morgan Stanley dropped their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, DA Davidson dropped their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.57.

Institutional Investors Weigh In On Harley-Davidson

Hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC raised its position in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson during the third quarter worth about $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Harley-Davidson during the third quarter worth about $38,000. Bessemer Group Inc. raised its position in shares of Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Harley-Davidson during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.