Comerica Bank Trims Stake in Harley-Davidson, Inc. (NYSE:HOG)

Comerica Bank lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,976 shares of the company’s stock after selling 2,608 shares during the period. Comerica Bank’s holdings in Harley-Davidson were worth $1,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HOG. Northern Trust Corp boosted its holdings in Harley-Davidson by 20.1% during the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company’s stock valued at $32,035,000 after acquiring an additional 177,748 shares during the period. Aquatic Capital Management LLC boosted its position in Harley-Davidson by 186.6% in the 4th quarter. Aquatic Capital Management LLC now owns 144,458 shares of the company’s stock valued at $4,353,000 after buying an additional 94,058 shares during the period. Nebula Research & Development LLC grew its stake in Harley-Davidson by 67.1% in the 4th quarter. Nebula Research & Development LLC now owns 27,864 shares of the company’s stock worth $840,000 after acquiring an additional 11,193 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Harley-Davidson by 21.0% during the fourth quarter. Voya Investment Management LLC now owns 56,818 shares of the company’s stock valued at $1,712,000 after acquiring an additional 9,854 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Harley-Davidson by 7.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 76,150 shares of the company’s stock valued at $2,295,000 after purchasing an additional 5,178 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Up 1.0 %

Harley-Davidson stock opened at $23.63 on Friday. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93. The business has a fifty day moving average price of $23.88 and a 200-day moving average price of $27.89. 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 $2.92 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.38 and a beta of 1.30.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The business had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.72 earnings per share. The company’s quarterly revenue was down 23.2% on a year-over-year basis. Equities research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is currently 26.87%.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’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 sale, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HOG. DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Robert W. Baird cut their target price on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. UBS Group lowered their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Citigroup cut their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Finally, Bank of America reduced their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.83.

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.