Harley-Davidson (NYSE:HOG) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of Harley-Davidson (NYSE:HOG) from an overweight rating to an equal weight rating in a research report report published on Tuesday, Marketbeat.com reports. Morgan Stanley currently has $33.00 price target on the stock, down from their prior price target of $40.00.

A number of other brokerages have also weighed in on HOG. Bank of America reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group decreased their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Citigroup lowered their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.14.

Harley-Davidson Trading Up 1.5 %

Harley-Davidson stock opened at $28.68 on Tuesday. The firm has a 50-day moving average price of $31.24 and a two-hundred day moving average price of $34.08. Harley-Davidson has a 52-week low of $27.37 and a 52-week high of $44.16. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.33 and a beta of 1.48. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 2.41%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Insiders Place Their Bets

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction that occurred 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 transaction, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. The trade was a 19.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HOG. Prospera Private Wealth LLC acquired a new position in shares of Harley-Davidson in the third quarter valued at approximately $35,000. Ashton Thomas Securities LLC bought a new stake in shares of Harley-Davidson during the 3rd quarter worth approximately $38,000. Brooklyn Investment Group bought a new position in shares of Harley-Davidson in the third quarter valued at $79,000. GAMMA Investing LLC increased its stake in shares of Harley-Davidson by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after purchasing an additional 494 shares during the last quarter. Finally, Covestor Ltd increased its position in 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 buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.