Empowered Funds LLC Has $571,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Empowered Funds LLC increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 21.8% in the third quarter, Holdings Channel reports. The institutional investor owned 14,828 shares of the company’s stock after buying an additional 2,657 shares during the period. Empowered Funds LLC’s holdings in Harley-Davidson were worth $571,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of Harley-Davidson in the 3rd quarter valued at about $38,000. Signaturefd LLC boosted its holdings in shares of Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after purchasing an additional 597 shares in the last quarter. Fifth Third Bancorp boosted its position in Harley-Davidson by 19.5% in the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after buying an additional 322 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Harley-Davidson by 14.7% during the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Upgrades and Downgrades

HOG has been the subject of several research reports. Citigroup reduced their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America dropped their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, StockNews.com lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $42.57.

Harley-Davidson Trading Up 2.2 %

NYSE HOG opened at $33.55 on Monday. The stock’s 50 day moving average is $34.79 and its 200 day moving average is $35.08. The firm has a market capitalization of $4.27 billion, a PE ratio of 7.56, a P/E/G ratio of 0.44 and a beta of 1.46. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a twelve month low of $29.67 and a twelve month high of $44.16.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.06%. Harley-Davidson’s payout ratio is currently 15.54%.

Insider Activity at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares of the company’s stock, valued at $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by insiders.

Harley-Davidson Company 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.