Verity Asset Management Inc. Purchases 1,851 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Verity Asset Management Inc. grew its position in Harley-Davidson, Inc. (NYSE:HOG) by 28.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,396 shares of the company’s stock after acquiring an additional 1,851 shares during the quarter. Verity Asset Management Inc.’s holdings in Harley-Davidson were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after acquiring an additional 320 shares during the period. Fifth Third Bancorp raised its holdings in shares of Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after buying an additional 322 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Harley-Davidson by 0.7% in the 1st quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after buying an additional 345 shares in the last quarter. Signaturefd LLC raised 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 worth $63,000 after buying an additional 597 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock worth $141,000 after buying an additional 697 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Insider Activity

In other 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 directly owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Down 0.9 %

NYSE HOG opened at $32.93 on Friday. The stock has a fifty day moving average of $35.56 and a 200-day moving average of $35.30. The stock has a market capitalization of $4.33 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 0.43 and a beta of 1.46. Harley-Davidson, Inc. has a 52 week low of $26.35 and a 52 week high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson declared that its board has initiated a stock buyback program on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 19.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.1725 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.10%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.54%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HOG. UBS Group dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday. StockNews.com cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Friday. Citigroup dropped their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.57.

Harley-Davidson 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.