Harley-Davidson Inc. (HOG) Position Reduced by Legal & General Group Plc

Legal & General Group Plc reduced its position in shares of Harley-Davidson Inc. (NYSE:HOG) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 828,779 shares of the company’s stock after selling 29,215 shares during the period. Legal & General Group Plc owned about 0.45% of Harley-Davidson worth $42,534,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Osborn Rohs Williams & Donohoe Ltd raised its position in shares of Harley-Davidson by 0.9% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 15,626 shares of the company’s stock worth $802,000 after buying an additional 143 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Harley-Davidson by 1.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,626 shares of the company’s stock worth $443,000 after buying an additional 151 shares during the period. ProShare Advisors LLC increased its stake in Harley-Davidson by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 28,134 shares of the company’s stock worth $1,277,000 after buying an additional 389 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Harley-Davidson by 3.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 30,038 shares of the company’s stock worth $1,363,000 after buying an additional 1,011 shares during the period. Finally, Putnam Investments LLC increased its stake in Harley-Davidson by 5.1% in the fourth quarter. Putnam Investments LLC now owns 26,064 shares of the company’s stock worth $1,183,000 after buying an additional 1,268 shares during the period.

Harley-Davidson Inc. (NYSE:HOG) traded up 0.68% during trading on Wednesday, reaching $50.58. 3,486,666 shares of the company were exchanged. The stock has a market capitalization of $9.28 billion and a price-to-earnings ratio of 13.57. The firm’s 50 day moving average price is $46.98 and its 200-day moving average price is $45.43. Harley-Davidson Inc. has a one year low of $36.36 and a one year high of $60.67.

A number of research firms recently weighed in on HOG. Vetr downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating and set a $48.67 price target for the company. in a research note on Tuesday. Stifel Nicolaus downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. They noted that the move was a valuation call. Wedbush reissued a “neutral” rating and set a $40.00 price objective on shares of Harley-Davidson in a research report on Sunday, July 10th. Barclays PLC reissued an “equal weight” rating and set a $49.00 price objective on shares of Harley-Davidson in a research report on Thursday, July 7th. Finally, Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.11.

In other news, SVP Michelle Kumbier sold 26,667 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $46.25, for a total value of $1,233,348.75. Following the completion of the sale, the senior vice president now owns 12,011 shares in the company, valued at approximately $555,508.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.