BlackRock Inc. Takes Position in Harley-Davidson, Inc. $HOG

BlackRock Inc. purchased a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,196,018 shares of the company's stock, valued at approximately $249,395,000. BlackRock Inc. owned approximately 9.69% of Harley-Davidson at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new position in Harley-Davidson in the second quarter valued at about $2,762,000. Global Retirement Partners LLC purchased a new position in shares of Harley-Davidson in the 2nd quarter worth approximately $77,000. Bank of New York Mellon Corp bought a new position in shares of Harley-Davidson during the 2nd quarter worth approximately $28,347,000. State of Wyoming bought a new position in shares of Harley-Davidson during the 2nd quarter worth approximately $942,000. Finally, RVW Wealth LLC purchased a new stake in Harley-Davidson during the second quarter valued at approximately $14,775,000. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $27.85 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36. Harley-Davidson, Inc. has a 12 month low of $17.09 and a 12 month high of $31.25. The company has a 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $23.34. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 16.98 and a beta of 1.27.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The business's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. As a group, analysts predict that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Artie Starrs acquired 10,000 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $25.89 per share, with a total value of $258,900.00. Following the acquisition, the chief executive officer directly owned 25,000 shares in the company, valued at $647,250. This represents a 66.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan R. Root sold 1,554 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $24.88, for a total value of $38,663.52. Following the completion of the sale, the chief financial officer owned 27,846 shares in the company, valued at $692,808.48. The trade was a 5.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders purchased a total of 57,500 shares of company stock valued at $1,439,550 over the last quarter. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HOG has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, May 6th. Morgan Stanley boosted their price objective on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an "underweight" rating in a report on Tuesday, July 28th. Wolfe Research reissued an "outperform" rating on shares of Harley-Davidson in a research report on Monday, June 15th. Citigroup raised their target price on Harley-Davidson from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Sunday, July 12th. Finally, UBS Group boosted their price target on Harley-Davidson from $19.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.78.

About Harley-Davidson

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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