Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in Harley-Davidson, Inc. (NYSE:HOG)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,830 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Harley-Davidson during the 3rd quarter worth $35,000. Ashton Thomas Securities LLC bought a new stake in shares of Harley-Davidson during the 3rd quarter worth $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Harley-Davidson during the 4th quarter worth $42,000. Finally, Brooklyn Investment Group bought a new stake in shares of Harley-Davidson during the 3rd quarter worth $79,000. 85.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HOG has been the topic of a number of recent analyst reports. Citigroup lowered their target price on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. DA Davidson lowered their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Bank of America lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. UBS Group lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Robert W. Baird lowered their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.57.

Harley-Davidson Trading Up 1.8 %

Shares of HOG opened at $26.78 on Thursday. The business’s 50-day moving average price is $28.73 and its 200-day moving average price is $32.94. Harley-Davidson, Inc. has a twelve month low of $25.25 and a twelve month high of $44.16. The stock has a market cap of $3.41 billion, a PE ratio of 8.04, a P/E/G ratio of 0.36 and a beta of 1.46. 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 announced 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 firm earned $0.18 EPS. On average, equities analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.18 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.69%. Harley-Davidson’s payout ratio is presently 20.72%.

Insider Transactions at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by insiders.

Harley-Davidson 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.