2,060 Shares in Harley-Davidson, Inc. (NYSE:HOG) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,060 shares of the company’s stock, valued at approximately $79,000.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Harley-Davidson by 19.0% in the 2nd 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 raised its holdings in 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 acquiring an additional 322 shares in the last quarter. Covestor Ltd grew its holdings in Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after purchasing an additional 448 shares during the period. Signaturefd LLC raised its holdings in Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Harley-Davidson by 23.5% during the third quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock worth $141,000 after buying an additional 697 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of HOG opened at $33.74 on Friday. Harley-Davidson, Inc. has a 12-month low of $29.67 and a 12-month high of $44.16. The firm has a market cap of $4.30 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.46. The company’s 50 day simple moving average is $34.52 and its 200-day simple moving average is $35.07. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.05%. Harley-Davidson’s dividend payout ratio is presently 15.54%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America lowered their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Citigroup cut their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and an average target price of $42.57.

Insider Activity

In other news, Director Maryrose Sylvester sold 4,278 shares of the business’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 transaction of $137,965.50. Following the sale, the director now owns 17,687 shares in the company, valued at $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

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.