Shares of Harley-Davidson, Inc. (NYSE:HOG) hit a new 52-week low on Tuesday . The stock traded as low as $45.77 and last traded at $45.76, with a volume of 1,320,093 shares trading hands. The stock had previously closed at $47.37.

HOG has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, August 14th. ValuEngine lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reduced their price target on shares of Harley-Davidson from $61.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, July 14th. Robert W. Baird restated a “neutral” rating and issued a $62.00 price target on shares of Harley-Davidson in a research report on Wednesday, June 7th. Finally, BidaskClub upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.06.

The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.66 and a beta of 0.86. The firm has a 50 day moving average price of $47.79 and a 200-day moving average price of $54.18.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. Harley-Davidson’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. On average, analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a dividend of $0.365 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a yield of 3.13%. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.44%.

In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the sale, the insider now owns 23,673 shares in the company, valued at approximately $1,116,892.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its stake in Harley-Davidson by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock valued at $384,000 after purchasing an additional 66 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Harley-Davidson by 1.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after purchasing an additional 72 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Harley-Davidson by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after purchasing an additional 100 shares in the last quarter. Annex Advisory Services LLC increased its stake in Harley-Davidson by 2.5% during the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after purchasing an additional 102 shares in the last quarter. Finally, First Business Financial Services Inc. increased its stake in Harley-Davidson by 1.2% during the 1st quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock valued at $539,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 91.06% of the company’s stock.

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Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.