Harley-Davidson (NYSE:HOG) Sets New 12-Month Low – Here’s What Happened

Harley-Davidson, Inc. (NYSE:HOG)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $27.37 and last traded at $28.25, with a volume of 1220614 shares traded. The stock had previously closed at $27.80.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HOG shares. UBS Group decreased their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird dropped their price target on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Bank of America reduced their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.00.

Harley-Davidson Trading Up 2.1 %

The company has a fifty day moving average of $31.76 and a two-hundred day moving average of $34.26. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 0.32 and a beta of 1.48.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’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 transaction, the director now owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors have recently made changes to their positions in HOG. Mork Capital Management LLC purchased a new position in Harley-Davidson in the third quarter valued at about $1,926,000. Barclays PLC raised its holdings in Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after purchasing an additional 162,899 shares during the last quarter. Quantinno Capital Management LP boosted its position in Harley-Davidson by 151.3% during the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock worth $1,945,000 after purchasing an additional 30,388 shares in the last quarter. Quantbot Technologies LP grew its holdings in Harley-Davidson by 190.4% in the third quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock valued at $6,637,000 after purchasing an additional 112,948 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Harley-Davidson in the third quarter valued at $2,725,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

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.