California Public Employees Retirement System raised its position in Harley-Davidson Inc (NYSE:HOG) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 608,323 shares of the company’s stock after acquiring an additional 50,440 shares during the period. California Public Employees Retirement System owned approximately 0.37% of Harley-Davidson worth $25,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Riverhead Capital Management LLC boosted its stake in Harley-Davidson by 10.3% in the second quarter. Riverhead Capital Management LLC now owns 12,659 shares of the company’s stock valued at $533,000 after acquiring an additional 1,187 shares in the last quarter. Cribstone Capital Management LLC boosted its stake in Harley-Davidson by 75.0% in the second quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after acquiring an additional 1,200 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Harley-Davidson by 11.6% in the second quarter. Flinton Capital Management LLC now owns 14,028 shares of the company’s stock valued at $590,000 after acquiring an additional 1,456 shares in the last quarter. Whittier Trust Co. acquired a new stake in Harley-Davidson in the second quarter valued at approximately $112,000. Finally, Amalgamated Bank boosted its stake in Harley-Davidson by 7.7% in the first quarter. Amalgamated Bank now owns 23,631 shares of the company’s stock valued at $1,013,000 after acquiring an additional 1,689 shares in the last quarter. Institutional investors own 85.85% of the company’s stock.

NYSE:HOG opened at $45.00 on Friday. Harley-Davidson Inc has a 12 month low of $39.34 and a 12 month high of $56.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market cap of $7.46 billion, a PE ratio of 12.81, a P/E/G ratio of 1.45 and a beta of 0.97.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.11. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. equities analysts predict that Harley-Davidson Inc will post 3.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.48 annualized dividend and a dividend yield of 3.29%. Harley-Davidson’s payout ratio is currently 42.29%.

In related news, Director Jochen Zeitz sold 1,598 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $43.50, for a total transaction of $69,513.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lawrence G. Hund sold 37,040 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $43.33, for a total transaction of $1,604,943.20. Following the transaction, the insider now directly owns 29,715 shares of the company’s stock, valued at approximately $1,287,550.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,225 shares of company stock valued at $2,221,739. 0.58% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 11th. Citigroup lifted their price objective on shares of Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Wedbush lowered their price objective on shares of Harley-Davidson from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, June 7th. Stifel Nicolaus lifted their price objective on shares of Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Finally, DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a research note on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $48.27.

Harley-Davidson 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.

Further Reading: Market Capitalization

Want to see what other hedge funds are holding HOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harley-Davidson Inc (NYSE:HOG).

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

Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.