Rhumbline Advisers Has $15.69 Million Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Rhumbline Advisers trimmed its stake in Harley-Davidson, Inc. (NYSE:HOG) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 413,081 shares of the company’s stock after selling 7,409 shares during the quarter. Rhumbline Advisers owned about 0.29% of Harley-Davidson worth $15,685,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Harley-Davidson by 1.5% in the first quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock worth $501,454,000 after purchasing an additional 194,089 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Harley-Davidson by 17.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 5,684,086 shares of the company’s stock worth $236,344,000 after purchasing an additional 828,342 shares during the period. LSV Asset Management grew its holdings in Harley-Davidson by 0.6% in the fourth quarter. LSV Asset Management now owns 5,001,567 shares of the company’s stock worth $208,065,000 after purchasing an additional 27,490 shares during the period. State Street Corp grew its holdings in Harley-Davidson by 5.6% in the first quarter. State Street Corp now owns 4,111,284 shares of the company’s stock worth $161,985,000 after purchasing an additional 216,545 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Harley-Davidson by 11.0% in the second quarter. Goldman Sachs Group Inc. now owns 2,036,664 shares of the company’s stock worth $64,480,000 after purchasing an additional 201,500 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HOG. UBS Group decreased their target price on shares of Harley-Davidson from $49.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. DA Davidson raised shares of Harley-Davidson from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $47.00 in a research report on Friday, July 21st. StockNews.com began coverage on shares of Harley-Davidson in a research report on Thursday, August 17th. They set a “hold” rating for the company. Robert W. Baird boosted their target price on shares of Harley-Davidson from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, 3M reissued a “maintains” rating on shares of Harley-Davidson in a research report on Monday, June 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.29.

Harley-Davidson Trading Up 0.1 %

Shares of HOG stock opened at $33.75 on Friday. Harley-Davidson, Inc. has a 52-week low of $30.85 and a 52-week high of $51.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.69 and a current ratio of 2.03. The company has a 50-day simple moving average of $35.39 and a two-hundred day simple moving average of $37.04. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 1.45 and a beta of 1.38.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 27th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.18). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Harley-Davidson had a net margin of 13.03% and a return on equity of 26.10%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Research analysts anticipate that Harley-Davidson, Inc. will post 4.58 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Tuesday, September 12th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, September 11th. Harley-Davidson’s payout ratio is 12.41%.

Insider Buying and Selling at Harley-Davidson

In related news, Director Rafeh Masood bought 1,302 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of $38.40 per share, for a total transaction of $49,996.80. Following the completion of the purchase, the director now directly owns 2,637 shares in the company, valued at $101,260.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

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, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.