Teza Capital Management LLC Has $830,000 Stock Position in Harley-Davidson, Inc. $HOG

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 Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 42.8% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after buying an additional 949 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after purchasing an additional 713 shares during the period. CX Institutional acquired a new position in shares of Harley-Davidson during the first quarter valued at $28,000. Financial Harvest LLC acquired a new position in shares of Harley-Davidson during the first quarter valued at $30,000. Finally, UMB Bank n.a. increased its holdings in shares of Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Price Performance

NYSE:HOG traded down $0.43 during mid-day trading on Friday, reaching $30.27. 377,095 shares of the stock were exchanged, compared to its average volume of 2,174,354. The business has a fifty day moving average price of $26.37 and a 200 day moving average price of $24.96. The firm has a market capitalization of $3.68 billion, a PE ratio of 15.72, a PEG ratio of 0.43 and a beta of 1.31. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32.

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

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.18 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.4%. Harley-Davidson's dividend payout ratio (DPR) is 37.31%.

Insider Buying and Selling at Harley-Davidson

In related news, Director Rafeh Masood purchased 2,068 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director directly owned 4,705 shares of the company's stock, valued at $113,202.30. This trade represents a 78.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.93% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on HOG shares. UBS Group lowered their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. DA Davidson raised their price target on Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a report on Monday, August 25th. Griffin Securities set a $34.00 price target on Harley-Davidson in a report on Monday, August 25th. Citigroup raised their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Finally, Zacks Research raised Harley-Davidson from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.86.

Harley-Davidson Profile

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.