Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in Harley-Davidson, Inc. (NYSE:HOG)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in Harley-Davidson, Inc. (NYSE:HOG) in the 4th quarter, HoldingsChannel.com reports. The fund bought 7,830 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in 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 buying an additional 554 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Harley-Davidson in the third quarter valued at approximately $35,000. Ashton Thomas Securities LLC bought a new stake in Harley-Davidson in the third quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Harley-Davidson in the fourth quarter valued at approximately $42,000. Finally, Brooklyn Investment Group bought a new stake in Harley-Davidson in the third quarter valued at approximately $79,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley lowered their price objective on 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. Robert W. Baird lowered their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Bank of America lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. DA Davidson decreased 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. Finally, StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.57.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $26.78 on Thursday. The business has a 50 day moving average of $28.73 and a 200 day moving average of $32.94. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The company has a market cap of $3.41 billion, a PE ratio of 8.04, a P/E/G ratio of 0.36 and a beta of 1.46. Harley-Davidson, Inc. has a 52 week low of $25.25 and a 52 week high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (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 period in the prior year, the company posted $0.18 earnings per share. As a group, equities 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.69%. Harley-Davidson’s dividend payout ratio (DPR) is 20.72%.

Insider Activity at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

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.