Harley-Davidson, Inc. $HOG Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC reduced its stake in Harley-Davidson by 42.8%, holding 32,864 shares valued at approximately $830,000 after selling 24,637 shares.
• Harley-Davidson reported $0.88 earnings per share for the last quarter, missing estimates by $0.11, while revenue was $1.31 billion, exceeding expectations of $1.09 billion.
• The company declared a quarterly dividend of $0.18 per share, payable on September 24th, representing an annualized dividend yield of 2.4%.

Teza Capital Management LLC trimmed its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 42.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,864 shares of the company's stock after selling 24,637 shares during the quarter. Teza Capital Management LLC's holdings in Harley-Davidson were worth $830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOG. Versant Capital Management Inc boosted its position in shares of Harley-Davidson by 3,514.8% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock worth $25,000 after acquiring an additional 949 shares in the last quarter. Assetmark Inc. boosted its position in shares of Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company's stock worth $27,000 after acquiring an additional 713 shares in the last quarter. CX Institutional acquired a new position in shares of Harley-Davidson during the 1st quarter worth about $28,000. Financial Harvest LLC acquired a new position in shares of Harley-Davidson during the 1st quarter worth about $30,000. Finally, UMB Bank n.a. boosted its position in shares of Harley-Davidson by 153.6% during the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock worth $33,000 after acquiring an additional 791 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Stock Down 0.1%

Harley-Davidson stock opened at $30.17 on Friday. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37. The company has a market capitalization of $3.67 billion, a P/E ratio of 15.63, a PEG ratio of 0.43 and a beta of 1.31. The stock has a 50-day simple moving average of $25.91 and a 200-day simple moving average of $24.83.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.11). The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm's revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. Equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.72 annualized dividend and a yield of 2.4%. Harley-Davidson's dividend payout ratio is currently 37.31%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research raised Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. DA Davidson upped their price objective on Harley-Davidson from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Citigroup upped their price objective on Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. UBS Group reduced their target price on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, Robert W. Baird boosted their target price on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Harley-Davidson currently has an average rating of "Hold" and a consensus target price of $30.86.

Insider Buying and Selling

In related news, Director Rafeh Masood acquired 2,068 shares of Harley-Davidson stock in a transaction on Tuesday, August 5th. The stock was purchased at an average cost of $24.06 per share, with a total value of $49,756.08. Following the purchase, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.

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