Arizona State Retirement System Cuts Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Arizona State Retirement System lowered its position in Harley-Davidson, Inc. (NYSE:HOG) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,628 shares of the company’s stock after selling 1,258 shares during the quarter. Arizona State Retirement System’s holdings in Harley-Davidson were worth $1,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. acquired a new stake in shares of Harley-Davidson in the 4th quarter valued at $202,000. JB Capital LLC acquired a new stake in Harley-Davidson in the fourth quarter valued at $280,000. Pacer Advisors Inc. lifted its holdings in Harley-Davidson by 76.1% during the 4th quarter. Pacer Advisors Inc. now owns 19,046 shares of the company’s stock worth $702,000 after buying an additional 8,233 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Harley-Davidson during the 4th quarter worth about $284,000. Finally, SG Americas Securities LLC increased its holdings in shares of Harley-Davidson by 4.5% in the 4th quarter. SG Americas Securities LLC now owns 20,469 shares of the company’s stock valued at $754,000 after acquiring an additional 887 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Harley-Davidson Price Performance

Shares of HOG opened at $39.71 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The firm has a 50-day simple moving average of $39.49 and a 200-day simple moving average of $34.52. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 2.65 and a beta of 1.43.

Harley-Davidson (NYSE:HOG) last posted 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 company had revenue of $791.65 million during the quarter, compared to analysts’ expectations of $875.29 million. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. On average, equities research analysts anticipate that Harley-Davidson, Inc. will post 4.22 earnings per share for the current year.

Harley-Davidson Increases Dividend

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

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.