Thrivent Financial for Lutherans Trims Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Thrivent Financial for Lutherans lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 28.7% in the third quarter, Holdings Channel reports. The institutional investor owned 28,074 shares of the company’s stock after selling 11,274 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Harley-Davidson were worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after acquiring an additional 320 shares during the last quarter. Fifth Third Bancorp increased 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 acquiring an additional 322 shares during the period. Covestor Ltd raised its position in Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after purchasing an additional 448 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after buying an additional 597 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock valued at $141,000 after buying an additional 697 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction on Wednesday, October 30th. The shares were 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 in the company, valued at $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Down 0.3 %

HOG opened at $33.63 on Monday. The business’s fifty day moving average is $34.30 and its two-hundred day moving average is $35.04. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.45 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, Inc. has a one year low of $29.67 and a one year high of $44.16.

Harley-Davidson Dividend Announcement

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

Analyst Ratings Changes

HOG has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Robert W. Baird cut 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 report on Wednesday, October 2nd. UBS Group cut their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Bank of America dropped their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.57.

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.