Employees Retirement System of Texas lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 57.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,000 shares of the company’s stock after selling 8,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Harley-Davidson were worth $324,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Harley-Davidson by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock valued at $384,000 after purchasing an additional 66 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Harley-Davidson by 1.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after acquiring an additional 72 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after acquiring an additional 100 shares in the last quarter. Annex Advisory Services LLC grew its stake in shares of Harley-Davidson by 2.5% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after acquiring an additional 102 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in shares of Harley-Davidson by 0.3% during the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after acquiring an additional 127 shares in the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

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In other Harley-Davidson news, CFO John A. Olin sold 28,760 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the sale, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the sale, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Shares of Harley-Davidson, Inc. (NYSE HOG) opened at 49.50 on Friday. Harley-Davidson, Inc. has a 1-year low of $45.53 and a 1-year high of $63.40. The company has a 50 day moving average of $47.75 and a 200 day moving average of $51.58. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 14.49 and a beta of 0.87.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm’s revenue was down 11.9% on a year-over-year basis. On average, equities analysts forecast that Harley-Davidson, Inc. will post $3.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 2.95%. The ex-dividend date was Monday, September 11th. Harley-Davidson’s payout ratio is 45.63%.

HOG has been the subject of several recent analyst reports. UBS AG restated a “hold” rating and set a $47.00 target price on shares of Harley-Davidson in a research note on Wednesday, September 13th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $51.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research report on Thursday, July 13th. Aegis began coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They set a “hold” rating and a $49.00 price target on the stock. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target on shares of Harley-Davidson in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $52.50.

Harley-Davidson Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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

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