Northern Trust Corp Sells 25,029 Shares of Harley-Davidson, Inc. $HOG

Northern Trust Corp trimmed its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,193 shares of the company’s stock after selling 25,029 shares during the quarter. Northern Trust Corp owned about 0.85% of Harley-Davidson worth $26,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Harley-Davidson by 7.7% in the 1st quarter. American Century Companies Inc. now owns 3,766,421 shares of the company’s stock worth $95,102,000 after acquiring an additional 269,842 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Harley-Davidson by 104.0% in the 1st quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company’s stock worth $86,095,000 after acquiring an additional 1,738,017 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Harley-Davidson by 4.8% in the 4th quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company’s stock worth $47,266,000 after acquiring an additional 71,495 shares in the last quarter. Brickwood Asset Management LLP increased its stake in shares of Harley-Davidson by 24.2% in the 1st quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company’s stock worth $28,918,000 after acquiring an additional 223,146 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Harley-Davidson by 7.2% in the 1st quarter. Invesco Ltd. now owns 757,747 shares of the company’s stock worth $19,133,000 after acquiring an additional 50,717 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

Insider Activity at Harley-Davidson

In related news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the purchase, the director directly owned 4,705 shares of the company’s stock, valued at $113,202.30. The trade was a 78.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HOG has been the subject of a number of analyst reports. DA Davidson raised their price objective on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 price objective on shares of Harley-Davidson in a research note on Monday, August 25th. UBS Group reduced their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Robert W. Baird raised their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.86.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $29.16 on Friday. The company has a 50 day moving average price of $25.30 and a 200-day moving average price of $24.71. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93. The firm has a market capitalization of $3.54 billion, a PE ratio of 15.11, a P/E/G ratio of 0.43 and a beta of 1.29. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The business’s revenue was down 19.3% compared to the same quarter last year. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. Harley-Davidson’s payout ratio is currently 37.31%.

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.