Harley-Davidson, Inc. (NYSE:HOG) Position Cut by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 8.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 152,134 shares of the company’s stock after selling 14,208 shares during the period. New York State Teachers Retirement System owned 0.11% of Harley-Davidson worth $5,862,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Signaturefd LLC boosted its stake in Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after purchasing an additional 597 shares during the period. Fifth Third Bancorp boosted its position in shares of Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after buying an additional 322 shares during the period. GAMMA Investing LLC grew its holdings in Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after buying an additional 320 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Harley-Davidson by 191.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company’s stock valued at $133,000 after acquiring an additional 2,626 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in Harley-Davidson during the 2nd quarter worth $139,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Price Performance

NYSE HOG opened at $32.19 on Wednesday. Harley-Davidson, Inc. has a 1 year low of $26.35 and a 1 year high of $44.16. The business’s fifty day moving average is $35.95 and its two-hundred day moving average is $35.41. The stock has a market capitalization of $4.24 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.41 and a beta of 1.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson declared that its board has authorized a stock repurchase program on Thursday, July 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 19.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Insider Activity

In related news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HOG shares. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup dropped their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. UBS Group increased their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Bank of America decreased their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.29.

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.