Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. cut its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,227 shares of the company’s stock after selling 624 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Harley-Davidson were worth $37,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOG. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson in the third quarter valued at $35,000. Ashton Thomas Securities LLC purchased a new stake in Harley-Davidson during the 3rd quarter worth about $38,000. Brooklyn Investment Group acquired a new stake in Harley-Davidson in the 3rd quarter valued at about $79,000. GAMMA Investing LLC boosted its stake in shares of Harley-Davidson by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after buying an additional 494 shares during the period. Finally, Covestor Ltd grew its position in shares of Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after buying an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insider Activity at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now owns 17,687 shares in the company, valued at $570,405.75. The trade was a 19.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HOG has been the topic of several analyst reports. Robert W. Baird reduced their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Bank of America decreased their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.00.

Harley-Davidson Trading Up 0.5 %

HOG opened at $29.66 on Friday. 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, Inc. has a 52 week low of $27.37 and a 52 week high of $44.16. The business’s 50 day moving average is $31.68 and its two-hundred day moving average is $34.23. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 0.32 and a beta of 1.48.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.33%. Harley-Davidson’s payout ratio is 15.54%.

Harley-Davidson 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.