Harley-Davidson, Inc. $HOG Shares Purchased by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd raised its stake in Harley‑Davidson by 449.9% in the third quarter to 295,687 shares (an additional 241,918 shares), representing about 0.25% of the company and worth roughly $8.25 million.
• Harley‑Davidson reported quarterly EPS of ($2.44), missing the consensus ($0.92) by $1.52, while revenue of $496.16 million beat estimates but was down 9.8% year‑over‑year.
• The company increased its quarterly dividend to $0.1875 (annualized $0.75), implying a ~3.9% yield; the ex‑dividend date is March 2 and the payment date is March 17.

WINTON GROUP Ltd raised its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 449.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,687 shares of the company's stock after buying an additional 241,918 shares during the quarter. WINTON GROUP Ltd owned approximately 0.25% of Harley-Davidson worth $8,250,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HOG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Harley-Davidson by 62.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company's stock valued at $2,183,000 after purchasing an additional 33,097 shares during the period. Empowered Funds LLC raised its stake in Harley-Davidson by 18.3% during the first quarter. Empowered Funds LLC now owns 17,560 shares of the company's stock worth $443,000 after purchasing an additional 2,712 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Harley-Davidson by 153.8% in the 1st 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 last quarter. Assetmark Inc. grew its stake in shares of Harley-Davidson by 191.5% during the 2nd quarter. Assetmark Inc. now owns 3,069 shares of the company's stock valued at $72,000 after buying an additional 2,016 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Harley-Davidson by 30.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,838,532 shares of the company's stock valued at $43,389,000 after buying an additional 426,808 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Stock Up 0.7%

Shares of Harley-Davidson stock opened at $19.22 on Monday. The company has a fifty day moving average price of $20.13 and a 200 day moving average price of $24.03. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.52. Harley-Davidson, Inc. has a twelve month low of $17.11 and a twelve month high of $31.25. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 7.36 and a beta of 1.42.

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

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Monday, March 2nd will be given a dividend of $0.1875 per share. This is a boost from Harley-Davidson's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.75 annualized dividend and a yield of 3.9%. Harley-Davidson's dividend payout ratio is presently 28.74%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HOG. Citigroup cut their target price on Harley-Davidson from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 14th. Morgan Stanley restated an "underweight" rating and set a $12.00 price target on shares of Harley-Davidson in a research note on Tuesday, February 17th. UBS Group cut their price objective on Harley-Davidson from $27.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, March 4th. Argus raised Harley-Davidson to a "strong-buy" rating in a research note on Tuesday, February 17th. Finally, Robert W. Baird set a $22.00 target price on Harley-Davidson in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.50.

Insider Buying and Selling

In other news, Director Rafeh Masood bought 2,775 shares of Harley-Davidson stock in a transaction dated Friday, February 27th. The shares were acquired 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 in the company, valued at approximately $134,640. This trade represents a 58.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James D. Farley, Jr. sold 6,454 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total transaction of $120,754.34. Following the completion of the transaction, the director owned 16,205 shares of the company's stock, valued at $303,195.55. This trade represents a 28.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is owned by corporate insiders.

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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