Brooklyn Investment Group Takes $79,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Brooklyn Investment Group purchased a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,060 shares of the company’s stock, valued at approximately $79,000.

A number of other large investors have also recently made changes to their positions in HOG. Quadrature Capital Ltd purchased a new position in shares of Harley-Davidson in the first quarter worth about $303,000. Price T Rowe Associates Inc. MD increased its position in shares of Harley-Davidson by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 68,420 shares of the company’s stock valued at $2,993,000 after acquiring an additional 3,552 shares in the last quarter. Comerica Bank lifted its holdings in shares of Harley-Davidson by 21.3% during the first quarter. Comerica Bank now owns 64,045 shares of the company’s stock valued at $2,801,000 after purchasing an additional 11,233 shares in the last quarter. Cetera Investment Advisers raised its stake in Harley-Davidson by 70.6% during the 1st quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock valued at $3,185,000 after buying an additional 30,143 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of Harley-Davidson by 17.5% during the 1st quarter. Cetera Advisors LLC now owns 9,941 shares of the company’s stock valued at $435,000 after purchasing an additional 1,482 shares during the period. 85.10% of the stock is owned by institutional investors.

Insider Activity at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Baird R W downgraded Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup lowered their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Bank of America decreased their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, UBS Group dropped their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and an average price target of $42.57.

Harley-Davidson Price Performance

Shares of HOG opened at $33.74 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The firm has a 50-day simple moving average of $34.52 and a 200-day simple moving average of $35.07. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.46. Harley-Davidson, Inc. has a fifty-two week low of $29.67 and a fifty-two week high of $44.16.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.05%. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

About Harley-Davidson

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.