Luke Christopher Mansfield Sells 3,400 Shares of Harley-Davidson, Inc. (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson 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 completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Harley-Davidson Trading Up 1.8 %

NYSE HOG opened at $26.78 on Thursday. The company has a market capitalization of $3.41 billion, a PE ratio of 8.04, a P/E/G ratio of 0.36 and a beta of 1.46. The company has a fifty day moving average of $28.73 and a 200 day moving average of $32.94. Harley-Davidson, Inc. has a 1 year low of $25.25 and a 1 year high of $44.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the company earned $0.18 EPS. Research 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 announced 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. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.69%. Harley-Davidson’s payout ratio is currently 20.72%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. DA Davidson cut their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Morgan Stanley lowered their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Robert W. Baird lowered their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Finally, 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 note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $34.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOG. Venturi Wealth Management LLC lifted its position in Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after purchasing an additional 554 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Harley-Davidson in the third quarter worth about $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Harley-Davidson in the third quarter worth about $38,000. Bessemer Group Inc. raised its position in shares of Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after acquiring an additional 916 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Harley-Davidson in the fourth quarter worth about $42,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

About Harley-Davidson

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.