Harley-Davidson (NYSE:HOG) Upgraded at StockNews.com

StockNews.com upgraded shares of Harley-Davidson (NYSE:HOG) from a sell rating to a hold rating in a research report released on Wednesday.

Several other research analysts have also issued reports on the company. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup dropped their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. UBS Group dropped their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Bank of America reduced their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.57.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $33.63 on Wednesday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.45 and a beta of 1.46. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 1-year low of $29.67 and a 1-year high of $44.16. The business has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $35.05.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.1725 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.05%. Harley-Davidson’s payout ratio is presently 15.54%.

Insider Activity

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the transaction, the director now owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by company insiders.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors have recently made changes to their positions in the stock. Prospera Private Wealth LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC bought a new position in shares of Harley-Davidson during the 3rd quarter worth $38,000. Signaturefd LLC increased its holdings in Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after acquiring an additional 597 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after purchasing an additional 322 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.