Retirement Systems of Alabama Sells 4,562 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Retirement Systems of Alabama reduced its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,337 shares of the company’s stock after selling 4,562 shares during the quarter. Retirement Systems of Alabama’s holdings in Harley-Davidson were worth $4,198,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HOG. Pacer Advisors Inc. increased its position in shares of Harley-Davidson by 22,680.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock valued at $161,166,000 after purchasing an additional 4,164,502 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Harley-Davidson by 559.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after purchasing an additional 334,830 shares during the last quarter. Barclays PLC increased its position in shares of Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after purchasing an additional 162,899 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Harley-Davidson by 38.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock valued at $20,555,000 after purchasing an additional 148,537 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of Harley-Davidson by 72.6% during the 3rd quarter. Algert Global LLC now owns 327,286 shares of the company’s stock valued at $12,610,000 after purchasing an additional 137,644 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HOG has been the topic of several recent research reports. Robert W. Baird reduced their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 31st. 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. DA Davidson dropped their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, UBS Group dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.57.

Harley-Davidson Trading Down 3.8 %

NYSE HOG opened at $25.80 on Tuesday. Harley-Davidson, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $44.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.40. The stock has a 50 day simple moving average of $29.74 and a two-hundred day simple moving average of $33.45. The stock has a market cap of $3.29 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate 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 firm posted $0.18 earnings per share. On average, analysts forecast that Harley-Davidson, Inc. will post 3.65 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio is currently 20.72%.

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.