Leavell Investment Management Inc. Takes $211,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Leavell Investment Management Inc. bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,487 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp increased its stake in Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after acquiring an additional 322 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Harley-Davidson by 0.7% in the first quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock valued at $2,273,000 after purchasing an additional 345 shares in the last quarter. Signaturefd LLC raised its stake in Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after purchasing an additional 597 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock worth $141,000 after buying an additional 697 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America cut their target price on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Citigroup lowered 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 report on Friday, October 25th. StockNews.com downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Friday. UBS Group dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Robert W. Baird lowered 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.57.

Insider Transactions at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated 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 directly owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Up 0.5 %

NYSE:HOG opened at $33.09 on Tuesday. The company’s 50-day simple moving average is $35.48 and its 200-day simple moving average is $35.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. Harley-Davidson, Inc. has a fifty-two week low of $26.40 and a fifty-two week high of $44.16. The stock has a market capitalization of $4.21 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.42 and a beta of 1.46.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 2.09%. The ex-dividend date was Monday, September 16th. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Harley-Davidson announced that its board has approved a share repurchase program on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 19.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.