United Services Automobile Association Cuts Holdings in Harley-Davidson, Inc. (NYSE:HOG)

United Services Automobile Association trimmed its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 15.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,944 shares of the company’s stock after selling 2,517 shares during the quarter. United Services Automobile Association’s holdings in Harley-Davidson were worth $486,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TD Capital Management LLC purchased a new position in shares of Harley-Davidson in the 3rd quarter worth $26,000. Lazard Asset Management LLC purchased a new position in shares of Harley-Davidson in the 1st quarter worth $31,000. Ellevest Inc. boosted its stake in shares of Harley-Davidson by 327.2% in the 3rd quarter. Ellevest Inc. now owns 1,115 shares of the company’s stock worth $39,000 after buying an additional 854 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Harley-Davidson by 1,144.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock worth $54,000 after buying an additional 1,270 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Harley-Davidson by 74.7% in the 1st quarter. Covestor Ltd now owns 1,660 shares of the company’s stock worth $65,000 after purchasing an additional 710 shares during the period. 83.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Jonathan R. Root sold 2,239 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $50.17, for a total value of $112,330.63. Following the completion of the sale, the senior vice president now directly owns 5,474 shares in the company, valued at $274,630.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HOG has been the topic of a number of recent research reports. Citigroup set a $49.00 target price on Harley-Davidson in a report on Wednesday, November 23rd. DA Davidson raised their target price on Harley-Davidson from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. Jefferies Financial Group began coverage on Harley-Davidson in a report on Tuesday, November 15th. They set an “underperform” rating and a $39.00 price target on the stock. StockNews.com raised Harley-Davidson from a “hold” rating to a “buy” rating in a report on Monday. Finally, Morgan Stanley raised their price target on Harley-Davidson from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.38.

Harley-Davidson Stock Up 1.8 %

NYSE HOG opened at $39.37 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.08 and a current ratio of 1.34. The company has a market capitalization of $5.76 billion, a P/E ratio of 7.89, a P/E/G ratio of 1.39 and a beta of 1.39. Harley-Davidson, Inc. has a one year low of $29.80 and a one year high of $51.77. The stock has a 50 day moving average price of $45.86 and a 200-day moving average price of $43.12.

Harley-Davidson (NYSE:HOG – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.21. The firm had revenue of $918.70 million during the quarter, compared to the consensus estimate of $910.04 million. Harley-Davidson had a return on equity of 27.23% and a net margin of 13.35%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. As a group, equities analysts predict that Harley-Davidson, Inc. will post 4.68 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Friday, March 3rd will be given a $0.165 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 1.68%. Harley-Davidson’s dividend payout ratio (DPR) is currently 13.28%.

About Harley-Davidson

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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.