HL Financial Services LLC decreased its position in Harley-Davidson Inc (NYSE:HOG) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 935,166 shares of the company’s stock after selling 20,833 shares during the period. HL Financial Services LLC’s holdings in Harley-Davidson were worth $42,363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Riverhead Capital Management LLC raised its stake in shares of Harley-Davidson by 10.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,659 shares of the company’s stock valued at $533,000 after purchasing an additional 1,187 shares during the period. Cribstone Capital Management LLC raised its stake in shares of Harley-Davidson by 75.0% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after purchasing an additional 1,200 shares during the period. Aperio Group LLC raised its stake in shares of Harley-Davidson by 2.9% in the 3rd quarter. Aperio Group LLC now owns 50,236 shares of the company’s stock valued at $2,276,000 after purchasing an additional 1,408 shares during the period. Flinton Capital Management LLC raised its stake in shares of Harley-Davidson by 11.6% in the 2nd quarter. Flinton Capital Management LLC now owns 14,028 shares of the company’s stock valued at $590,000 after purchasing an additional 1,456 shares during the period. Finally, Whittier Trust Co. acquired a new stake in shares of Harley-Davidson in the 2nd quarter valued at about $112,000. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the company. Goldman Sachs Group set a $45.00 price target on Harley-Davidson and gave the company a “hold” rating in a research note on Tuesday, October 16th. Wells Fargo & Co dropped their price target on Harley-Davidson from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Citigroup lifted their price target on Harley-Davidson from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 11th. Finally, Wolfe Research assumed coverage on Harley-Davidson in a research note on Tuesday, October 2nd. They issued a “peer perform” rating and a $46.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $44.38.

NYSE:HOG opened at $39.80 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.95 and a current ratio of 1.08. The stock has a market capitalization of $6.63 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.28 and a beta of 1.08. Harley-Davidson Inc has a 52-week low of $35.76 and a 52-week high of $56.50.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 33.57% and a net margin of 10.66%. Harley-Davidson’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, analysts anticipate that Harley-Davidson Inc will post 3.88 earnings per share for the current year.

In other Harley-Davidson news, CFO John A. Olin sold 12,587 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total transaction of $547,282.76. Following the transaction, the chief financial officer now owns 55,016 shares of the company’s stock, valued at $2,392,095.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lawrence G. Hund sold 37,040 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $43.33, for a total value of $1,604,943.20. Following the transaction, the insider now directly owns 29,715 shares in the company, valued at approximately $1,287,550.95. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.

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

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