Oregon Public Employees Retirement Fund Sells 5,660 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Oregon Public Employees Retirement Fund decreased its holdings in Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,773 shares of the company’s stock after selling 5,660 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Harley-Davidson were worth $1,352,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in Harley-Davidson in the 1st quarter valued at about $31,000. CX Institutional purchased a new stake in Harley-Davidson in the 2nd quarter valued at about $40,000. Brown Brothers Harriman & Co. increased its stake in Harley-Davidson by 1,144.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock valued at $54,000 after buying an additional 1,270 shares during the last quarter. Covestor Ltd increased its stake in Harley-Davidson by 74.7% in the 1st quarter. Covestor Ltd now owns 1,660 shares of the company’s stock valued at $65,000 after buying an additional 710 shares during the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in Harley-Davidson in the 2nd quarter valued at about $67,000. Institutional investors own 83.96% of the company’s stock.

Harley-Davidson Stock Up 0.2 %

HOG opened at $43.19 on Monday. The company has a 50 day moving average of $44.69 and a 200 day moving average of $40.63. The company has a current ratio of 1.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Harley-Davidson, Inc. has a 12 month low of $29.80 and a 12 month high of $48.72. The company has a market cap of $6.31 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36.

Harley-Davidson (NYSE:HOGGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.45 by $0.33. Harley-Davidson had a net margin of 13.29% and a return on equity of 27.44%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $1.18 EPS. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, sell-side analysts expect that Harley-Davidson, Inc. will post 4.72 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Thursday, December 8th. Harley-Davidson’s dividend payout ratio is currently 13.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Harley-Davidson in a research note on Tuesday, November 15th. They set an “underperform” rating and a $39.00 price target for the company. Citigroup set a $49.00 price target on shares of Harley-Davidson in a research note on Wednesday, November 23rd. Morgan Stanley raised their price target on shares of Harley-Davidson from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, November 7th. Robert W. Baird raised their price target on shares of Harley-Davidson from $45.00 to $48.00 in a research note on Friday, October 28th. Finally, StockNews.com lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.13.

About Harley-Davidson

(Get Rating)

Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.

Further Reading

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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