Texas Permanent School Fund Has $4.30 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Texas Permanent School Fund lowered its stake in Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,092 shares of the company’s stock after selling 2,334 shares during the period. Texas Permanent School Fund owned 0.07% of Harley-Davidson worth $4,298,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Weil Company Inc. acquired a new stake in Harley-Davidson in the first quarter valued at approximately $285,000. Advisor Group Holdings Inc. boosted its position in Harley-Davidson by 9.1% in the first quarter. Advisor Group Holdings Inc. now owns 34,313 shares of the company’s stock valued at $5,692,000 after buying an additional 2,876 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Harley-Davidson by 102.1% during the first quarter. Clearstead Advisors LLC now owns 2,021 shares of the company’s stock worth $80,000 after purchasing an additional 1,021 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Harley-Davidson by 59.0% during the first quarter. Victory Capital Management Inc. now owns 37,453 shares of the company’s stock worth $1,365,000 after purchasing an additional 13,891 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Harley-Davidson during the first quarter worth $359,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Harley-Davidson Trading Up 0.4 %

HOG opened at $37.27 on Friday. Harley-Davidson, Inc. has a 1-year low of $29.80 and a 1-year high of $44.46. The company has a current ratio of 1.44, a quick ratio of 1.25 and a debt-to-equity ratio of 1.97. The company has a market cap of $5.49 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.96 and a beta of 1.34. The company has a fifty day moving average price of $33.62 and a two-hundred day moving average price of $36.46.

Harley-Davidson (NYSE:HOGGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.21. Harley-Davidson had a net margin of 12.11% and a return on equity of 25.73%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. Analysts predict that Harley-Davidson, Inc. will post 4.48 EPS for the current fiscal year.

Harley-Davidson Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Thursday, June 2nd were paid a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.69%. The ex-dividend date was Wednesday, June 1st. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.37%.

Analyst Ratings Changes

A number of brokerages have recently commented on HOG. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a report on Tuesday, May 17th. Bank of America cut their price target on shares of Harley-Davidson from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. StockNews.com lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets cut their price target on shares of Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, April 28th. Finally, Morgan Stanley dropped their target price on shares of Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Harley-Davidson presently has an average rating of “Moderate Buy” and an average price target of $48.89.

Harley-Davidson Company Profile

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Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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