New York State Teachers Retirement System Has $1.70 Million Stake in Harley-Davidson, Inc. $HOG

New York State Teachers Retirement System reduced its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 22.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,144 shares of the company’s stock after selling 24,851 shares during the period. New York State Teachers Retirement System owned 0.08% of Harley-Davidson worth $1,701,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CHICAGO TRUST Co NA acquired a new stake in shares of Harley-Davidson in the first quarter valued at about $222,000. Louisiana State Employees Retirement System bought a new stake in Harley-Davidson in the first quarter valued at approximately $694,000. Hsbc Holdings PLC increased its position in Harley-Davidson by 96.5% during the 4th quarter. Hsbc Holdings PLC now owns 44,665 shares of the company’s stock valued at $920,000 after purchasing an additional 21,931 shares during the period. Virtu Financial LLC acquired a new stake in Harley-Davidson during the 4th quarter valued at approximately $212,000. Finally, Invesco Ltd. raised its holdings in Harley-Davidson by 52.1% during the 4th quarter. Invesco Ltd. now owns 703,826 shares of the company’s stock worth $14,421,000 after purchasing an additional 241,045 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Up 1.2%

HOG traded up $0.31 during midday trading on Friday, hitting $25.16. The company had a trading volume of 2,026,260 shares, compared to its average volume of 2,729,681. The stock’s 50 day moving average price is $24.82 and its 200 day moving average price is $21.95. Harley-Davidson, Inc. has a 52 week low of $17.09 and a 52 week high of $31.25. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 14.98 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $1.07 EPS. Harley-Davidson’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, research analysts anticipate that Harley-Davidson, Inc. will post 0.4 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were issued a dividend of $0.1875 per share. The ex-dividend date was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. Harley-Davidson’s payout ratio is currently 42.61%.

Insider Activity at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total transaction of $37,979.76. Following the transaction, the chief financial officer directly owned 29,400 shares of the company’s stock, valued at $718,536. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.00, for a total value of $40,664.00. Following the completion of the transaction, the insider owned 30,012 shares in the company, valued at approximately $780,312. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,672 shares of company stock valued at $116,266. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

HOG has been the topic of a number of analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. Wells Fargo & Company lifted their target price on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Griffin Securities set a $30.00 target price on shares of Harley-Davidson in a report on Monday, July 6th. DA Davidson upped their price target on shares of Harley-Davidson from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Citigroup increased their price target on Harley-Davidson from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.33.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.