Comerica Bank Trims Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Comerica Bank trimmed its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,976 shares of the company’s stock after selling 2,608 shares during the period. Comerica Bank’s holdings in Harley-Davidson were worth $1,596,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOG. Barclays PLC boosted its stake in shares of 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 buying an additional 162,899 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Harley-Davidson during the 3rd quarter valued at approximately $479,000. Franklin Resources Inc. acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at $2,725,000. Matrix Trust Co boosted its stake in shares of Harley-Davidson by 808.8% during the 4th quarter. Matrix Trust Co now owns 5,689 shares of the company’s stock worth $171,000 after acquiring an additional 5,063 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of Harley-Davidson by 10.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 64,416 shares of the company’s stock valued at $1,941,000 after purchasing an additional 6,159 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HOG has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Robert W. Baird cut their price target on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, April 4th. Citigroup reduced their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. UBS Group dropped their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.83.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $23.63 on Friday. The company has a fifty day simple moving average of $23.88 and a 200-day simple moving average of $27.89. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.38 and a beta of 1.30. 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, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.27. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company had revenue of $315.24 million during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company earned $1.72 EPS. Harley-Davidson’s revenue was down 23.2% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.18 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. Harley-Davidson’s dividend payout ratio (DPR) is presently 26.87%.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.93% of the stock is currently owned by corporate 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.