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

Securian Asset Management Inc. trimmed its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,663 shares of the company’s stock after selling 548 shares during the period. Securian Asset Management Inc.’s holdings in Harley-Davidson were worth $261,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HOG. Victory Capital Management Inc. lifted its holdings in shares of Harley-Davidson by 3.0% during the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock valued at $1,064,000 after purchasing an additional 807 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Harley-Davidson by 21.8% during the third quarter. Empowered Funds LLC now owns 14,828 shares of the company’s stock valued at $571,000 after purchasing an additional 2,657 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of 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 purchasing an additional 2,756 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Harley-Davidson by 71,664.3% during the third quarter. Quest Partners LLC now owns 10,047 shares of the company’s stock valued at $387,000 after purchasing an additional 10,033 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in shares of Harley-Davidson during the third quarter valued at approximately $327,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were 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 owns 23,555 shares of the company’s stock, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Harley-Davidson Trading Down 1.9 %

NYSE:HOG opened at $25.20 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $44.16. The company has a market cap of $3.14 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The company has a 50 day simple moving average of $26.84 and a two-hundred day simple moving average of $31.45.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) EPS 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 quarter in the prior year, the company posted $0.18 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.18 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.86%. Harley-Davidson’s payout ratio is presently 21.62%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HOG shares. Bank of America reduced their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Citigroup reduced their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. UBS Group reduced 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. Robert W. Baird reduced their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Finally, Morgan Stanley reduced their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.