HighTower Advisors LLC Sells 4,214 Shares of Harley-Davidson, Inc. $HOG

HighTower Advisors LLC trimmed its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 33.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,515 shares of the company’s stock after selling 4,214 shares during the quarter. HighTower Advisors LLC’s holdings in Harley-Davidson were worth $215,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brickwood Asset Management LLP bought a new position in shares of Harley-Davidson in the fourth quarter valued at about $27,783,000. Praxis Investment Management Inc. bought a new position in shares of Harley-Davidson in the first quarter valued at about $291,000. Northern Trust Corp raised its holdings in shares of Harley-Davidson by 20.1% in the fourth quarter. Northern Trust Corp now owns 1,063,222 shares of the company’s stock valued at $32,035,000 after buying an additional 177,748 shares during the last quarter. Skylands Capital LLC increased its position in Harley-Davidson by 79.3% in the first quarter. Skylands Capital LLC now owns 43,200 shares of the company’s stock worth $1,091,000 after purchasing an additional 19,100 shares during the period. Finally, J. Goldman & Co LP acquired a new stake in Harley-Davidson in the fourth quarter worth about $791,000. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $29.37 on Thursday. The firm has a market capitalization of $3.57 billion, a P/E ratio of 15.22, a PEG ratio of 0.41 and a beta of 1.31. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The business has a 50-day moving average of $25.65 and a 200-day moving average of $24.79. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32.

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

Harley-Davidson Dividend Announcement

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

Insider Activity

In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director owned 4,705 shares of the company’s stock, valued at $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

HOG has been the subject of a number of research reports. DA Davidson lifted their price objective on Harley-Davidson from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Griffin Securities set a $34.00 price objective on Harley-Davidson in a research report on Monday, August 25th. Citigroup lifted their price objective on Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Finally, UBS Group lowered their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.86.

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.