Metropolitan Life Insurance Co. NY reduced its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 20.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,185 shares of the company’s stock after selling 6,674 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Harley-Davidson were worth $1,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in Harley-Davidson by 2.3% in the second quarter. BlackRock Inc. now owns 10,721,678 shares of the company’s stock valued at $451,166,000 after buying an additional 237,665 shares during the last quarter. Kiltearn Partners LLP raised its stake in Harley-Davidson by 8.6% in the first quarter. Kiltearn Partners LLP now owns 4,467,000 shares of the company’s stock valued at $190,652,000 after buying an additional 352,400 shares during the last quarter. LSV Asset Management raised its stake in Harley-Davidson by 2.9% in the second quarter. LSV Asset Management now owns 4,011,589 shares of the company’s stock valued at $168,807,000 after buying an additional 114,357 shares during the last quarter. Beutel Goodman & Co Ltd. raised its stake in Harley-Davidson by 20.6% in the second quarter. Beutel Goodman & Co Ltd. now owns 3,560,758 shares of the company’s stock valued at $113,995,000 after buying an additional 608,108 shares during the last quarter. Finally, Findlay Park Partners LLP raised its stake in Harley-Davidson by 77.8% in the second quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the company’s stock valued at $134,656,000 after buying an additional 1,400,000 shares during the last quarter. Hedge funds and other institutional investors own 85.85% of the company’s stock.

A number of equities research analysts have commented on the company. ValuEngine upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Saturday. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a research note on Tuesday, August 14th. Citigroup increased 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. Stifel Nicolaus increased their price target on Harley-Davidson from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $48.27.

In related news, Director Jochen Zeitz sold 1,598 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $43.50, for a total transaction of $69,513.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John A. Olin sold 12,587 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total value of $547,282.76. Following the sale, the chief financial officer now directly owns 55,016 shares in the company, valued at $2,392,095.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,225 shares of company stock valued at $2,221,739. Company insiders own 0.58% of the company’s stock.

Shares of NYSE:HOG opened at $45.35 on Monday. Harley-Davidson Inc has a 52-week low of $39.34 and a 52-week high of $56.50. The stock has a market capitalization of $7.55 billion, a PE ratio of 12.26, a PEG ratio of 1.47 and a beta of 0.97. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 1.21.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.11. Harley-Davidson had a return on equity of 31.70% and a net margin of 10.08%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business posted $1.48 earnings per share. The company’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 earnings per share for the current fiscal year.

The company 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 $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Monday, September 17th. Harley-Davidson’s payout ratio is 42.29%.

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.

See Also: Asset Allocation

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

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