New York State Teachers Retirement System Sells 1,047 Shares of Harley-Davidson, Inc. $HOG

New York State Teachers Retirement System reduced its position in Harley-Davidson, Inc. (NYSE:HOG) by 0.9% during the second quarter, Holdings Channel.com reports. The firm owned 120,600 shares of the company’s stock after selling 1,047 shares during the quarter. New York State Teachers Retirement System’s holdings in Harley-Davidson were worth $2,846,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HOG. Assetmark Inc. lifted its holdings in shares of Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after purchasing an additional 713 shares in the last quarter. Financial Harvest LLC bought a new position in Harley-Davidson during the 1st quarter valued at $30,000. IMG Wealth Management Inc. bought a new position in Harley-Davidson during the 1st quarter valued at $48,000. UMB Bank n.a. lifted its stake in Harley-Davidson by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock valued at $52,000 after acquiring an additional 892 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Harley-Davidson by 52.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock valued at $53,000 after acquiring an additional 725 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Rafeh Masood acquired 2,068 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average price of $24.06 per share, with a total value of $49,756.08. Following the acquisition, the director owned 4,705 shares in the company, valued at $113,202.30. The trade was a 78.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson raised their price objective on Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 price objective on Harley-Davidson in a research note on Monday, August 25th. Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Finally, UBS Group raised their price objective on Harley-Davidson from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus target price of $31.00.

Harley-Davidson Trading Up 2.2%

NYSE HOG opened at $27.27 on Wednesday. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.38 and a beta of 1.27. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $35.25. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The business’s fifty day moving average is $28.40 and its 200-day moving average is $25.48.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The company’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.72 annualized dividend and a yield of 2.6%. Harley-Davidson’s dividend payout ratio (DPR) is 37.31%.

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.