StockNews.com Upgrades Harley-Davidson (NYSE:HOG) to Hold

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

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

Harley-Davidson Price Performance

NYSE HOG opened at $33.74 on Wednesday. Harley-Davidson has a twelve month low of $29.67 and a twelve month high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The stock has a market capitalization of $4.30 billion, a PE ratio of 7.60, a P/E/G ratio of 0.46 and a beta of 1.46. The stock has a 50-day simple moving average of $34.61 and a 200 day simple moving average of $35.08.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be issued a $0.1725 dividend. 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 Transactions at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. This trade represents a 19.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently bought and sold shares of HOG. Quadrature Capital Ltd acquired a new stake in Harley-Davidson during the 1st quarter valued at $303,000. Price T Rowe Associates Inc. MD increased its holdings in Harley-Davidson by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 68,420 shares of the company’s stock valued at $2,993,000 after purchasing an additional 3,552 shares in the last quarter. Comerica Bank increased its holdings in Harley-Davidson by 21.3% during the 1st quarter. Comerica Bank now owns 64,045 shares of the company’s stock valued at $2,801,000 after purchasing an additional 11,233 shares in the last quarter. Cetera Investment Advisers boosted its position in Harley-Davidson by 70.6% in the 1st quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock valued at $3,185,000 after buying an additional 30,143 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in Harley-Davidson by 17.5% in the 1st quarter. Cetera Advisors LLC now owns 9,941 shares of the company’s stock valued at $435,000 after buying an additional 1,482 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

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.