Intech Investment Management LLC Decreases Stake in Harley-Davidson, Inc. (NYSE:HOG)

Intech Investment Management LLC cut its position in Harley-Davidson, Inc. (NYSE:HOG) by 28.8% during the third quarter, HoldingsChannel reports. The firm owned 11,903 shares of the company’s stock after selling 4,816 shares during the quarter. Intech Investment Management LLC’s holdings in Harley-Davidson were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HOG. Prospera Private Wealth LLC purchased a new stake in shares of Harley-Davidson in the third quarter valued at approximately $35,000. Ashton Thomas Securities LLC purchased a new stake in Harley-Davidson in the 3rd quarter valued at approximately $38,000. Signaturefd LLC lifted its position in shares of Harley-Davidson by 46.8% in the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after buying an additional 322 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Harley-Davidson by 19.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HOG shares. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Bank of America cut their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. 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 report on Thursday, November 7th. Finally, Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.57.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares in the company, valued at $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Performance

Shares of HOG opened at $34.04 on Tuesday. The firm has a market cap of $4.33 billion, a P/E ratio of 7.60, a PEG ratio of 0.45 and a beta of 1.46. 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 twelve month low of $30.48 and a twelve month high of $44.16. The firm’s 50 day moving average price is $34.30 and its two-hundred day moving average price is $35.03.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Tuesday, December 10th will be paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

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.