Harley-Davidson, Inc. (NYSE:HOG) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 23.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,155 shares of the company’s stock after buying an additional 12,093 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Harley-Davidson were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new position in Harley-Davidson in the third quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson during the fourth quarter worth about $42,000. Brooklyn Investment Group acquired a new stake in shares of Harley-Davidson during the third quarter valued at about $79,000. Finally, Covestor Ltd increased its position in shares of Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after acquiring an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HOG. Bank of America lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird dropped their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Morgan Stanley cut their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group lowered their target price 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 given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $33.57.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $26.50 on Tuesday. The company has a market cap of $3.37 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.38 and a beta of 1.46. Harley-Davidson, Inc. has a one year low of $25.25 and a one year high of $44.16. The business has a fifty day moving average of $28.38 and a two-hundred day moving average of $32.73. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data 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 in the previous year, the company earned $0.18 earnings per share. As a group, analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Insider Activity at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

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.