Algert Global LLC Makes New Investment in Harley-Davidson, Inc. $HOG

Key Points

• Algert Global LLC bought a new position of 618,133 shares of Harley‑Davidson (~$17.25M), representing roughly 0.52% of the company according to its 13F filing.
• Analysts have recently trimmed ratings and targets on HOG — the consensus is a "Hold" with an average target of $21.67 (notable recent calls: UBS $19 neutral, Wells Fargo $15 underweight).
• Harley‑Davidson reported a significant earnings miss (EPS -$2.44 vs. -$0.92 expected) with revenue down 9.8% YoY, but also raised its quarterly dividend to $0.1875 (annualized $0.75, ~4.3% yield).

Algert Global LLC bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 618,133 shares of the company's stock, valued at approximately $17,246,000. Algert Global LLC owned approximately 0.52% of Harley-Davidson as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd increased its position in Harley-Davidson by 6.7% in the 3rd quarter. Covestor Ltd now owns 7,057 shares of the company's stock valued at $197,000 after buying an additional 442 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Harley-Davidson by 139.0% in the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company's stock worth $26,000 after acquiring an additional 549 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Harley-Davidson by 2.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,093 shares of the company's stock valued at $663,000 after acquiring an additional 700 shares during the period. Securian Asset Management Inc. grew its stake in Harley-Davidson by 9.3% in the third quarter. Securian Asset Management Inc. now owns 9,103 shares of the company's stock valued at $254,000 after acquiring an additional 777 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in shares of Harley-Davidson by 2.0% during the third quarter. Yousif Capital Management LLC now owns 40,758 shares of the company's stock valued at $1,137,000 after acquiring an additional 785 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HOG. UBS Group lowered their target price on Harley-Davidson from $27.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 4th. Wells Fargo & Company began coverage on shares of Harley-Davidson in a research note on Wednesday. They set an "underweight" rating and a $15.00 price target for the company. Robert W. Baird set a $22.00 price objective on shares of Harley-Davidson in a report on Wednesday, February 11th. Zacks Research lowered shares of Harley-Davidson from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 12th. Finally, Wall Street Zen cut shares of Harley-Davidson from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Harley-Davidson has a consensus rating of "Hold" and an average target price of $21.67.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood purchased 2,775 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $18.00 per share, with a total value of $49,950.00. Following the completion of the transaction, the director owned 7,480 shares of the company's stock, valued at $134,640. The trade was a 58.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James D. Farley, Jr. sold 6,454 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total value of $120,754.34. Following the sale, the director directly owned 16,205 shares of the company's stock, valued at $303,195.55. The trade was a 28.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.93% of the company's stock.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $17.62 on Friday. The firm has a 50-day moving average of $19.90 and a 200-day moving average of $23.71. The company has a market cap of $1.97 billion, a P/E ratio of 6.75 and a beta of 1.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.10 and a quick ratio of 1.83. Harley-Davidson, Inc. has a one year low of $17.11 and a one year high of $31.25.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($1.52). Harley-Davidson had a return on equity of 10.27% and a net margin of 8.03%.The firm had revenue of $496.16 million for the quarter, compared to analysts' expectations of $482.21 million. During the same quarter last year, the firm posted ($0.93) earnings per share. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. Equities research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, March 2nd. This is a boost from Harley-Davidson's previous quarterly dividend of $0.18. Harley-Davidson's dividend payout ratio (DPR) is presently 28.74%.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.

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