Maryrose Sylvester Sells 4,278 Shares of Harley-Davidson, Inc. (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the transaction, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Harley-Davidson Trading Down 0.3 %

NYSE:HOG opened at $31.87 on Friday. Harley-Davidson, Inc. has a 12-month low of $26.35 and a 12-month high of $44.16. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The stock’s 50 day simple moving average is $36.08 and its 200-day simple moving average is $35.49. The firm has a market cap of $4.19 billion, a P/E ratio of 7.18, a PEG ratio of 0.41 and a beta of 1.46.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 yield of 2.17%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Harley-Davidson announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 19.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

HOG has been the subject of a number of research reports. UBS Group boosted their price target on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Bank of America cut their price target 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. Citigroup decreased their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State of Michigan Retirement System boosted its holdings in Harley-Davidson by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 31,161 shares of the company’s stock valued at $1,363,000 after purchasing an additional 800 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Harley-Davidson by 0.3% during the first quarter. Retirement Systems of Alabama now owns 159,149 shares of the company’s stock worth $6,961,000 after acquiring an additional 420 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Harley-Davidson during the first quarter worth $212,000. Capstone Investment Advisors LLC raised its position in Harley-Davidson by 87.5% in the first quarter. Capstone Investment Advisors LLC now owns 17,579 shares of the company’s stock worth $769,000 after acquiring an additional 8,203 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in Harley-Davidson by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 110,800 shares of the company’s stock valued at $4,846,000 after acquiring an additional 1,445 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

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.