New York State Common Retirement Fund Has $4.47 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

New York State Common Retirement Fund decreased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 9.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 121,279 shares of the company’s stock after selling 13,097 shares during the period. New York State Common Retirement Fund’s holdings in Harley-Davidson were worth $4,468,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted 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 valued at $41,955,000 after purchasing an additional 410,648 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Harley-Davidson by 29.7% in the third quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock worth $343,000 after buying an additional 2,375 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Harley-Davidson in the fourth quarter worth about $3,154,000. Pathstone Family Office LLC acquired a new stake in shares of Harley-Davidson in the third quarter worth about $565,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Harley-Davidson in the third quarter worth about $641,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Trading Up 0.1 %

Shares of HOG opened at $35.05 on Friday. Harley-Davidson, Inc. has a 12-month low of $25.43 and a 12-month high of $44.16. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 1.12 and a beta of 1.48. The stock’s 50-day moving average price is $39.55 and its 200 day moving average price is $35.08.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. As a group, research analysts predict that Harley-Davidson, Inc. will post 4.52 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 1.97%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st. Harley-Davidson’s payout ratio is currently 15.33%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HOG shares. Bank of America boosted their price target on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Morgan Stanley began coverage on Harley-Davidson in a research report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target for the company. UBS Group lifted their price objective on Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. DA Davidson lifted their price objective on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets dropped their price objective on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Harley-Davidson presently has an average rating of “Moderate Buy” and a consensus price target of $46.43.

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.