Empowered Funds LLC purchased a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 669,269 shares of the company's stock, valued at approximately $16,370,000. Empowered Funds LLC owned approximately 0.64% of Harley-Davidson at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Aberdeen Wealth Management LLC bought a new position in shares of Harley-Davidson in the 2nd quarter valued at approximately $29,000. Pinnacle Holdings LLC bought a new stake in Harley-Davidson during the fourth quarter worth approximately $30,000. Fifth Third Bancorp boosted its position in Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company's stock worth $36,000 after purchasing an additional 579 shares during the period. Versant Capital Management Inc grew its holdings in Harley-Davidson by 858.2% during the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company's stock valued at $40,000 after purchasing an additional 1,459 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Harley-Davidson by 153.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company's stock valued at $53,000 after purchasing an additional 1,278 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.
Wall Street Analyst Weigh In
HOG has been the subject of several research reports. Morgan Stanley increased their price objective on Harley-Davidson from $15.00 to $17.00 and gave the company an "underweight" rating in a research report on Tuesday, July 28th. Loop Capital upgraded shares of Harley-Davidson from a "hold" rating to a "buy" rating and set a $32.00 target price for the company in a research note on Monday, July 20th. DA Davidson increased their price target on shares of Harley-Davidson from $30.00 to $33.00 and gave the company a "buy" rating in a report on Monday, August 17th. Griffin Securities set a $33.00 price objective on shares of Harley-Davidson in a report on Monday, August 17th. Finally, Wells Fargo & Company increased their target price on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.78.
Get Our Latest Report on HOG
Harley-Davidson Stock Up 0.9%
Shares of HOG opened at $28.09 on Friday. The company has a market capitalization of $2.92 billion, a P/E ratio of 17.23, a PEG ratio of 17.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25. The business's 50 day simple moving average is $26.15 and its 200-day simple moving average is $23.43.
Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company's revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, sell-side analysts predict that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.
Insider Buying and Selling at Harley-Davidson
In related news, 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 approximately $692,808.48. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Gayle Littleton bought 7,500 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $26.38 per share, for a total transaction of $197,850.00. Following the purchase, the chief accounting officer directly owned 7,500 shares of the company's stock, valued at approximately $197,850. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 57,500 shares of company stock worth $1,439,550. 0.97% of the stock is currently owned by insiders.
About Harley-Davidson
(
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.
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