Amalgamated Bank Sells 1,862 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Amalgamated Bank cut its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,797 shares of the company’s stock after selling 1,862 shares during the quarter. Amalgamated Bank’s holdings in Harley-Davidson were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HOG. Pacer Advisors Inc. lifted its holdings in Harley-Davidson by 22,680.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock worth $161,166,000 after buying an additional 4,164,502 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Harley-Davidson by 559.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after acquiring an additional 334,830 shares in the last quarter. Barclays PLC lifted its stake in Harley-Davidson by 135.7% in the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after acquiring an additional 162,899 shares during the period. Bank of New York Mellon Corp boosted its holdings in Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after acquiring an additional 157,939 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Harley-Davidson by 38.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock valued at $20,555,000 after purchasing an additional 148,537 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insider Transactions at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $25.75 on Monday. The stock’s 50 day moving average is $28.02 and its 200 day moving average is $32.46. The company has a market capitalization of $3.28 billion, a P/E ratio of 7.73, a PEG ratio of 0.38 and a beta of 1.46. Harley-Davidson, Inc. has a twelve month low of $25.25 and a twelve month high of $44.16. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same period in the prior year, the company earned $0.18 EPS. On average, equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.80%. Harley-Davidson’s payout ratio is 21.62%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HOG. Robert W. Baird dropped their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. DA Davidson cut their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley reduced their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Bank of America lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, UBS Group decreased their price objective on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.57.

Harley-Davidson Company Profile

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.