Vestcor Inc Takes $313,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Vestcor Inc purchased a new position in Harley-Davidson, Inc. (NYSE:HOG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,391 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also bought and sold shares of HOG. Victory Capital Management Inc. raised its position in shares of Harley-Davidson by 3.0% in the 3rd quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock worth $1,064,000 after acquiring an additional 807 shares in the last quarter. Empowered Funds LLC raised its holdings in Harley-Davidson by 21.8% in the third quarter. Empowered Funds LLC now owns 14,828 shares of the company’s stock worth $571,000 after purchasing an additional 2,657 shares in the last quarter. Natixis Advisors LLC lifted its position in Harley-Davidson by 13.8% during the third quarter. Natixis Advisors LLC now owns 22,656 shares of the company’s stock valued at $873,000 after buying an additional 2,756 shares during the period. Quest Partners LLC boosted its holdings in shares of Harley-Davidson by 71,664.3% during the 3rd quarter. Quest Partners LLC now owns 10,047 shares of the company’s stock valued at $387,000 after buying an additional 10,033 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new stake in shares of Harley-Davidson in the 3rd quarter worth about $327,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Stock Up 4.8 %

HOG stock opened at $25.73 on Tuesday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.38 and a beta of 1.49. 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, Inc. has a 1-year low of $23.81 and a 1-year high of $44.16. The business has a fifty day moving average price of $26.92 and a 200-day moving average price of $31.54.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the business posted $0.18 earnings per share. Equities analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, February 28th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is 21.62%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HOG. Bank of America dropped their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Robert W. Baird cut their price target 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. DA Davidson lowered their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley reduced their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Six 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, Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $33.57.

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 completion of the sale, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

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.