Leavell Investment Management Inc. Makes New $211,000 Investment in Harley-Davidson, Inc. (NYSE:HOG)

Leavell Investment Management Inc. bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 5,487 shares of the company’s stock, valued at approximately $211,000.

Several other large investors have also recently made changes to their positions in HOG. Empowered Funds LLC purchased a new stake in shares of Harley-Davidson during the 1st quarter worth about $296,000. Avantax Advisory Services Inc. purchased a new stake in shares of Harley-Davidson in the first quarter valued at approximately $200,000. State Board of Administration of Florida Retirement System raised its stake in shares of Harley-Davidson by 3.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 164,274 shares of the company’s stock worth $7,185,000 after buying an additional 5,622 shares during the period. Landaas & Co. WI ADV purchased a new position in shares of Harley-Davidson during the 1st quarter valued at approximately $230,000. Finally, Mizuho Markets Americas LLC acquired a new stake in Harley-Davidson in the 1st quarter valued at $276,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HOG. StockNews.com cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Friday. UBS Group reduced their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Finally, Bank of America reduced their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.57.

Harley-Davidson Trading Up 0.5 %

Shares of Harley-Davidson stock opened at $33.09 on Tuesday. The business’s fifty day moving average is $35.48 and its two-hundred day moving average is $35.24. Harley-Davidson, Inc. has a fifty-two week low of $26.40 and a fifty-two week high of $44.16. The firm has a market cap of $4.21 billion, a PE ratio of 7.45, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, September 16th. Harley-Davidson’s payout ratio is currently 15.54%.

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

Insider Transactions at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now directly owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

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.