Oregon Public Employees Retirement Fund Has $704,000 Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Oregon Public Employees Retirement Fund lessened its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,351 shares of the company’s stock after selling 800 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Harley-Davidson were worth $704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisor OS LLC acquired a new position in Harley-Davidson during the 4th quarter worth $361,000. Illinois Municipal Retirement Fund lifted its position in Harley-Davidson by 24.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 99,514 shares of the company’s stock worth $2,998,000 after acquiring an additional 19,504 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after acquiring an additional 157,939 shares during the last quarter. Skylands Capital LLC acquired a new position in Harley-Davidson during the 4th quarter worth $726,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in Harley-Davidson during the 4th quarter worth $1,898,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Down 2.4 %

Shares of HOG opened at $25.75 on Monday. The firm has a market capitalization of $3.28 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.38 and a beta of 1.46. The company has a 50-day simple moving average of $28.02 and a 200-day simple moving average of $32.46. Harley-Davidson, Inc. has a 52 week low of $25.25 and a 52 week high of $44.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup cut their target price on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Robert W. Baird cut 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. Morgan Stanley cut their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, UBS Group cut their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.57.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by insiders.

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.