State of Alaska Department of Revenue Sells 1,630 Shares of Harley-Davidson, Inc. (NYSE:HOG)

State of Alaska Department of Revenue cut its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,693 shares of the company’s stock after selling 1,630 shares during the quarter. State of Alaska Department of Revenue’s holdings in Harley-Davidson were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Balyasny Asset Management LLC bought a new position in Harley-Davidson during the 3rd quarter worth $26,684,000. Morgan Stanley increased its position in shares of Harley-Davidson by 37.8% in the third quarter. Morgan Stanley now owns 2,598,104 shares of the company’s stock worth $85,893,000 after purchasing an additional 712,918 shares during the period. AQR Capital Management LLC increased its position in shares of Harley-Davidson by 917.7% in the third quarter. AQR Capital Management LLC now owns 669,028 shares of the company’s stock worth $22,118,000 after purchasing an additional 603,286 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Harley-Davidson by 77.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,253,019 shares of the company’s stock valued at $47,577,000 after purchasing an additional 545,985 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Harley-Davidson by 47.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock worth $41,955,000 after purchasing an additional 410,648 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Stock Down 2.2 %

Shares of NYSE:HOG opened at $39.72 on Friday. Harley-Davidson, Inc. has a 52-week low of $25.43 and a 52-week high of $44.16. The company has a market capitalization of $5.34 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 2.70 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53. The company has a fifty day moving average of $39.49 and a 200-day moving average of $34.50.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. The business had revenue of $791.65 million for the quarter, compared to analyst estimates of $875.29 million. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. Harley-Davidson’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. On average, equities analysts predict that Harley-Davidson, Inc. will post 4.22 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is 14.32%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Harley-Davidson from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. Citigroup lifted their price objective on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. UBS Group upped their target price on Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Bank of America raised their target price on Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, DA Davidson upped their price objective on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

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.