Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 212,781 shares of the company's stock, valued at approximately $5,205,000. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of Harley-Davidson at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of HOG. BlackRock Inc. acquired a new stake in Harley-Davidson in the 2nd quarter valued at about $249,395,000. Donald Smith & CO. Inc. acquired a new position in Harley-Davidson during the second quarter worth approximately $226,966,000. Boston Partners increased its position in Harley-Davidson by 2.1% during the third quarter. Boston Partners now owns 4,021,078 shares of the company's stock worth $112,179,000 after buying an additional 84,516 shares during the last quarter. State Street Corp raised its stake in Harley-Davidson by 1.7% in the second quarter. State Street Corp now owns 3,757,709 shares of the company's stock valued at $88,682,000 after buying an additional 64,118 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Harley-Davidson by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company's stock valued at $42,675,000 after buying an additional 163,762 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Stock Performance
HOG opened at $27.86 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The business has a fifty day simple moving average of $26.10 and a 200 day simple moving average of $23.40. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25. The company has a market capitalization of $2.90 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 17.20 and a beta of 1.27.
Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.17 billion. The company's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. Research analysts expect that Harley-Davidson, Inc. will post 0.56 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on HOG shares. DA Davidson lifted their target price on Harley-Davidson from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Loop Capital raised Harley-Davidson from a "hold" rating to a "buy" rating and set a $32.00 price target for the company in a report on Monday, July 20th. Robert W. Baird upped their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Morgan Stanley increased their price objective on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an "underweight" rating in a research report on Tuesday, July 28th. Finally, Citigroup lifted their target price on shares of Harley-Davidson from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Harley-Davidson has a consensus rating of "Hold" and an average target price of $26.78.
Read Our Latest Stock Report on Harley-Davidson
Insider Buying and Selling at Harley-Davidson
In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction on 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 transaction, the chief financial officer directly owned 27,846 shares of the company's stock, valued at $692,808.48. The trade was a 5.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Artie Starrs purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $25.89 per share, with a total value of $258,900.00. Following the purchase, the chief executive officer owned 25,000 shares of the company's stock, valued at $647,250. This represents a 66.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 57,500 shares of company stock valued at $1,439,550. 0.97% of the stock is currently owned by insiders.
Harley-Davidson Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harley-Davidson, Inc. (NYSE:HOG - Free Report).
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