Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. trimmed its position in Harley-Davidson, Inc. (NYSE:HOG) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,953 shares of the company’s stock after selling 1,350 shares during the period. Summit Investment Advisors Inc.’s holdings in Harley-Davidson were worth $1,505,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HOG. Venturi Wealth Management LLC boosted its stake in shares of Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after acquiring an additional 554 shares during the last quarter. Bessemer Group Inc. boosted its stake in Harley-Davidson by 237.9% during the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after purchasing an additional 916 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Harley-Davidson during the 4th quarter worth $42,000. Global Retirement Partners LLC grew its holdings in shares of Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after buying an additional 846 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Harley-Davidson by 201.8% in the fourth quarter. National Bank of Canada FI now owns 1,889 shares of the company’s stock valued at $57,000 after buying an additional 1,263 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on HOG shares. DA Davidson reaffirmed a “buy” rating and set a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Citigroup cut their price target on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. UBS Group reduced their price objective on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Morgan Stanley dropped their target price 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. Finally, Robert W. Baird reduced their price target on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and a consensus target price of $32.00.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction dated Thursday, February 13th. The shares were 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 of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.93% of the company’s stock.

Harley-Davidson Stock Up 1.2 %

Shares of NYSE:HOG opened at $21.87 on Thursday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $40.14. The business has a 50-day moving average price of $24.87 and a 200 day moving average price of $29.39. 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 (NYSE:HOG) last announced its quarterly 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 net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the firm earned $0.18 EPS. Sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.29%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson’s dividend payout ratio is 21.62%.

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.