Securian Asset Management Inc. Lowers Position in Harley-Davidson, Inc. (NYSE:HOG)

Securian Asset Management Inc. lessened its position in Harley-Davidson, Inc. (NYSE:HOG) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,663 shares of the company’s stock after selling 548 shares during the quarter. Securian Asset Management Inc.’s holdings in Harley-Davidson were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HOG. Venturi Wealth Management LLC increased its stake in Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after acquiring an additional 554 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Harley-Davidson in the third quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Harley-Davidson in the fourth quarter valued at $42,000. Global Retirement Partners LLC increased its stake in Harley-Davidson by 84.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after acquiring an additional 846 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Harley-Davidson in the fourth quarter valued at $65,000. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Down 1.9 %

NYSE HOG opened at $25.20 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The stock has a market capitalization of $3.14 billion, a PE ratio of 7.57, a PEG ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a 1 year low of $23.81 and a 1 year high of $44.16. The business’s 50-day moving average is $26.84 and its 200 day moving average is $31.45.

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 the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period in the prior year, the firm earned $0.18 earnings per share. Sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.18 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.86%. Harley-Davidson’s dividend payout ratio (DPR) is 21.62%.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Robert W. Baird reduced their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Citigroup reduced their price objective on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, DA Davidson reduced their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.57.

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.