Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 32.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 274,691 shares of the company’s stock after selling 132,807 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Harley-Davidson worth $10,584,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. purchased a new position in Harley-Davidson in the third quarter valued at about $2,725,000. Tidal Investments LLC acquired a new stake in shares of Harley-Davidson in the third quarter valued at about $479,000. Toronto Dominion Bank raised its holdings in shares of Harley-Davidson by 1.7% during the 3rd quarter. Toronto Dominion Bank now owns 49,995 shares of the company’s stock valued at $1,926,000 after buying an additional 815 shares during the period. Barclays PLC lifted its position in Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after acquiring an additional 162,899 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in Harley-Davidson by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock worth $325,000 after acquiring an additional 379 shares during the period. 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 firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Harley-Davidson Trading Down 1.9 %

NYSE:HOG opened at $29.69 on Tuesday. The company has a market cap of $3.78 billion, a PE ratio of 6.69, a P/E/G ratio of 0.45 and a beta of 1.47. The business’s 50 day moving average is $32.59 and its two-hundred day moving average is $34.62. 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 $29.46 and a 52 week high of $44.16.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Analysts Set New Price Targets

A number of research firms have recently commented on HOG. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a 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 research report on Thursday, November 7th. Citigroup cut their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.57.

Harley-Davidson Company 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.