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

Thrivent Financial for Lutherans lessened its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,207 shares of the company’s stock after selling 867 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Harley-Davidson were worth $820,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Harley-Davidson by 30.7% during the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after purchasing an additional 1,285,225 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after buying an additional 157,939 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Harley-Davidson in the 4th quarter valued at about $18,802,000. JPMorgan Chase & Co. grew its position in Harley-Davidson by 38.6% in the third quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock worth $20,555,000 after acquiring an additional 148,537 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Harley-Davidson by 559.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after acquiring an additional 334,830 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $25.54 on Thursday. The business’s fifty day simple moving average is $26.08 and its 200-day simple moving average is $30.63. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The firm has a market cap of $3.18 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a 52 week low of $23.81 and a 52 week high of $43.89.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same period last year, the company earned $0.18 earnings per share. Equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.82%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is presently 21.62%.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now owns 23,555 shares of the company’s stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HOG. Citigroup reduced their target price on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday. Bank of America reduced their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley dropped their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. DA Davidson reduced their price target on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, UBS Group dropped their price objective on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average price target of $33.43.

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.