Bridgewater Associates LP Has $1.73 Million Stake in Harley-Davidson, Inc. (NYSE:HOG)

Bridgewater Associates LP lowered its position in Harley-Davidson, Inc. (NYSE:HOG) by 62.3% in the third quarter, HoldingsChannel.com reports. The fund owned 44,832 shares of the company’s stock after selling 73,938 shares during the quarter. Bridgewater Associates LP’s holdings in Harley-Davidson were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new stake in Harley-Davidson in the third quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Harley-Davidson during the 3rd quarter worth about $38,000. Signaturefd LLC lifted its stake in shares of Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after buying an additional 597 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Harley-Davidson by 19.5% during the 2nd 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 last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Harley-Davidson by 19.0% during 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 during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HOG shares. Bank of America cut their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. UBS Group lowered 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 report on Thursday, November 7th. Citigroup lowered 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. Finally, Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.57.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Harley-Davidson Price Performance

HOG stock opened at $33.63 on Monday. 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, Inc. has a 12 month low of $29.67 and a 12 month high of $44.16. The firm has a market cap of $4.28 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.45 and a beta of 1.46. The company’s 50-day moving average price is $34.30 and its two-hundred day moving average price is $35.04.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Harley-Davidson 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.