Legal & General Group Plc purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 154,556 shares of the company's stock, valued at approximately $3,780,000. Legal & General Group Plc owned 0.15% of Harley-Davidson at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in HOG. Triumph Capital Management grew its position in shares of Harley-Davidson by 4.7% in the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company's stock worth $284,000 after buying an additional 454 shares during the last quarter. State of Michigan Retirement System boosted its stake in Harley-Davidson by 1.8% in the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company's stock valued at $575,000 after acquiring an additional 500 shares in the last quarter. Fifth Third Bancorp grew its holdings 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 last quarter. Oregon Public Employees Retirement Fund increased its position 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 purchasing an additional 600 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its position in shares of Harley-Davidson by 3.4% during the third quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company's stock worth $738,000 after purchasing an additional 872 shares in the last quarter. 85.10% of the stock is owned by institutional investors.
Harley-Davidson Trading Up 2.2%
Shares of Harley-Davidson stock opened at $28.29 on Friday. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The stock has a market cap of $2.94 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 9.09 and a beta of 1.29. The firm has a fifty day moving average price of $26.39 and a 200 day moving average price of $23.69.
Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.10. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company's revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Equities research analysts predict that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.
Harley-Davidson Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Harley-Davidson's dividend payout ratio (DPR) is currently 46.01%.
Insider Buying and Selling
In other news, CEO Artie Starrs bought 10,000 shares of the business's stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $25.89 per share, with a total value of $258,900.00. Following the acquisition, the chief executive officer directly owned 25,000 shares in the company, valued at $647,250. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Gayle Littleton bought 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $26.38 per share, with a total value of $197,850.00. Following the completion of the purchase, the chief accounting officer owned 7,500 shares in the company, valued at approximately $197,850. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 57,500 shares of company stock valued at $1,439,550 and have sold 4,662 shares valued at $119,316. 0.97% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have recently weighed in on HOG. Loop Capital raised Harley-Davidson from a "hold" rating to a "buy" rating and set a $32.00 price objective for the company in a research report on Monday, July 20th. DA Davidson increased their price target on Harley-Davidson from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Wolfe Research reissued an "outperform" rating on shares of Harley-Davidson in a report on Monday, June 15th. UBS Group boosted their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an "underweight" rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Harley-Davidson has a consensus rating of "Hold" and a consensus price target of $27.00.
Get Our Latest Stock Report on HOG
Harley-Davidson Company Profile
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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.
See Also
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