Rhumbline Advisers Sells 6,742 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Rhumbline Advisers trimmed its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 332,360 shares of the company’s stock after selling 6,742 shares during the period. Rhumbline Advisers owned approximately 0.27% of Harley-Davidson worth $8,392,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC boosted its holdings in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after buying an additional 554 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Harley-Davidson by 18.8% during the 4th quarter. Covestor Ltd now owns 4,163 shares of the company’s stock worth $125,000 after buying an additional 658 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Harley-Davidson by 7.8% during the 4th quarter. Deutsche Bank AG now owns 11,486 shares of the company’s stock worth $346,000 after buying an additional 831 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after buying an additional 846 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Harley-Davidson by 6.5% during the 4th quarter. Xponance Inc. now owns 14,123 shares of the company’s stock worth $426,000 after buying an additional 856 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $25.40 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The stock’s fifty day simple moving average is $23.62 and its two-hundred day simple moving average is $26.69. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93. The stock has a market cap of $3.09 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.38 and a beta of 1.32.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.27. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The business had revenue of $315.24 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $1.72 EPS. The business’s revenue was down 23.2% on a year-over-year basis. As a group, analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Monday, June 2nd. Harley-Davidson’s dividend payout ratio (DPR) is presently 26.87%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. UBS Group cut their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, Citigroup cut their target price on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.17.

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.