11,208 Shares in Harley-Davidson, Inc. (NYSE:HOG) Purchased by CCM Investment Group LLC

Key Points

• CCM Investment Group LLC has purchased 11,208 shares of Harley-Davidson, valued at approximately $282,000, indicating increased institutional interest in the company.
• Several analysts have set new price targets for Harley-Davidson stock, with a consensus rating of "Hold" and an average target price of $29.83.
• Harley-Davidson's quarterly earnings report revealed a significant drop in revenue, with a 19.3% year-over-year decline amid reported earnings of $0.88 per share, missing the consensus estimate.

CCM Investment Group LLC bought a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,208 shares of the company's stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOG. National Bank of Canada FI raised its holdings in shares of Harley-Davidson by 201.8% in the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock worth $57,000 after acquiring an additional 1,263 shares during the last quarter. Federated Hermes Inc. increased its stake in Harley-Davidson by 23.3% in the 4th quarter. Federated Hermes Inc. now owns 16,124 shares of the company's stock valued at $486,000 after buying an additional 3,051 shares during the last quarter. Invesco Ltd. increased its stake in Harley-Davidson by 12.6% in the 4th quarter. Invesco Ltd. now owns 707,030 shares of the company's stock valued at $21,303,000 after buying an additional 79,374 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Harley-Davidson in the 4th quarter valued at about $18,802,000. Finally, Bessemer Group Inc. increased its stake in Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock valued at $39,000 after buying an additional 916 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HOG shares. UBS Group decreased their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Citigroup increased their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, Robert W. Baird increased their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $29.83.

Insider Buying and Selling

In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average cost of $24.06 per share, with a total value of $49,756.08. Following the acquisition, the director owned 4,705 shares in the company, valued at approximately $113,202.30. This represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.93% of the company's stock.

Harley-Davidson Stock Up 0.5%

Harley-Davidson stock opened at $24.20 on Monday. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $39.93. The firm has a 50 day moving average price of $24.26 and a 200-day moving average price of $24.62. The company has a market capitalization of $2.94 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.40 and a beta of 1.29. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. The firm's quarterly revenue was down 19.3% on a year-over-year basis. During the same period last year, the business posted $1.63 earnings per share. As a group, equities analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 annualized dividend and a yield of 3.0%. Harley-Davidson's dividend payout ratio (DPR) is 37.31%.

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.

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