Thrivent Financial For Lutherans lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 18.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,495,453 shares of the company’s stock after selling 343,340 shares during the period. Thrivent Financial For Lutherans owned approximately 0.88% of Harley-Davidson worth $80,785,000 as of its most recent filing with the SEC.

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

Shares of Harley-Davidson, Inc. (HOG) traded down 1.84% during mid-day trading on Friday, hitting $48.01. 3,557,821 shares of the stock were exchanged. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 14.06 and a beta of 0.86. The stock’s 50-day moving average is $47.59 and its 200-day moving average is $53.75. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.38 by $0.10. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. Harley-Davidson’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. Analysts forecast that Harley-Davidson, Inc. will post $3.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors 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 annualized dividend and a yield of 3.04%. Harley-Davidson’s dividend payout ratio is currently 42.44%.

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A number of research analysts recently commented on HOG shares. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. ValuEngine upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have assigned a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $53.94.

In related news, insider Lawrence G. Hund sold 15,013 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

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.

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

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