First Trust Advisors LP Has $13.06 Million Stock Holdings in Harley-Davidson, Inc. $HOG

First Trust Advisors LP boosted its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 115.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 645,934 shares of the company's stock after purchasing an additional 345,948 shares during the period. First Trust Advisors LP owned about 0.61% of Harley-Davidson worth $13,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triumph Capital Management lifted its holdings in Harley-Davidson by 4.7% during the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company's stock valued at $284,000 after purchasing an additional 454 shares during the last quarter. State of Michigan Retirement System boosted its position in Harley-Davidson by 1.8% in the 1st quarter. State of Michigan Retirement System now owns 28,461 shares of the company's stock valued at $575,000 after buying an additional 500 shares during the last quarter. Fifth Third Bancorp increased its position in Harley-Davidson by 48.9% in 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. Oregon Public Employees Retirement Fund raised its stake in shares of Harley-Davidson by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company's stock worth $490,000 after buying an additional 600 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its stake in shares of Harley-Davidson by 3.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company's stock valued at $738,000 after purchasing an additional 872 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wolfe Research reissued an "outperform" rating on shares of Harley-Davidson in a research note on Monday, June 15th. Weiss Ratings raised Harley-Davidson from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, June 18th. Griffin Securities set a $30.00 target price on Harley-Davidson in a research note on Monday, July 6th. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Finally, Robert W. Baird increased their target price on Harley-Davidson from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Harley-Davidson currently has an average rating of "Hold" and a consensus price target of $26.11.

Insider Activity

In other news, insider Paul J. Krause sold 1,564 shares of the firm's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total value of $40,664.00. Following the completion of the transaction, the insider owned 30,012 shares in the company, valued at $780,312. This trade represents a 4.95% 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, CFO Jonathan R. Root sold 1,554 shares of the company's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total value of $37,979.76. Following the sale, the chief financial officer owned 29,400 shares in the company, valued at $718,536. The trade was a 5.02% 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 have sold a total of 4,672 shares of company stock worth $116,266 over the last three months. Insiders own 0.97% of the company's stock.

Harley-Davidson Stock Down 0.5%

NYSE:HOG opened at $24.71 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The company has a market cap of $2.60 billion, a PE ratio of 15.16, a PEG ratio of 17.01 and a beta of 1.26. Harley-Davidson, Inc. has a 52-week low of $17.09 and a 52-week high of $31.25. The stock has a 50-day simple moving average of $25.24 and a 200 day simple moving average of $22.47.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. On average, sell-side analysts expect that Harley-Davidson, Inc. will post 0.5 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, June 8th. Harley-Davidson's payout ratio is presently 46.01%.

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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