Redwood Investment Management LLC Has $3.69 Million Stock Position in Harley-Davidson, Inc. $HOG

Key Points

• Redwood Investment Management LLC increased its stake in Harley-Davidson by 19.5%, acquiring an additional 23,805 shares and owning about 0.12% of the company, valued at approximately $3.69 million.
• Harley-Davidson's quarterly revenue was reported at $1.31 billion, exceeding analysts' expectations of $1.09 billion, though the company missed earnings per share estimates with $0.88.
• Several analysts have adjusted target prices for Harley-Davidson, with DA Davidson raising it from $31.00 to $34.00 and UBS Group lowering it from $28.00 to $27.00, resulting in a consensus rating of "Hold."

Redwood Investment Management LLC increased its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,132 shares of the company's stock after purchasing an additional 23,805 shares during the quarter. Redwood Investment Management LLC owned approximately 0.12% of Harley-Davidson worth $3,690,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HOG. Versant Capital Management Inc raised its stake in shares of Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after buying 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 valued at $27,000 after acquiring an additional 713 shares in the last quarter. CX Institutional bought a new stake in Harley-Davidson in the first quarter valued at about $28,000. Financial Harvest LLC bought a new stake in Harley-Davidson in the first quarter valued at about $30,000. Finally, UMB Bank n.a. raised its position in Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock worth $33,000 after purchasing an additional 791 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Insider Buying and Selling

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

Harley-Davidson Price Performance

HOG stock traded up $0.34 during midday trading on Friday, reaching $29.16. 1,292,111 shares of the company's stock traded hands, compared to its average volume of 1,959,608. The company has a 50-day simple moving average of $25.30 and a two-hundred day simple moving average of $24.71. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 0.43 and a beta of 1.29.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion during 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 for the quarter was down 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. On average, analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

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 issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a yield of 2.5%. Harley-Davidson's dividend payout ratio is currently 37.31%.

Analyst Ratings Changes

A number of research firms have weighed in on HOG. Griffin Securities set a $34.00 price objective on Harley-Davidson in a report on Monday, August 25th. Robert W. Baird raised their target price on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. UBS Group decreased their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, DA Davidson lifted their price objective on Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" 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 stock. Based on data from MarketBeat.com, Harley-Davidson has an average rating of "Hold" and an average target price of $30.86.

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.