Twelve Points Wealth Management LLC Acquires 9,966 Shares of Harley-Davidson, Inc. $HOG

Key Points

• Twelve Points Wealth Management LLC increased its stake in Harley-Davidson by 14.0%, acquiring an additional 9,966 shares during the second quarter, bringing its total ownership to approximately 81,335 shares valued at $1,920,000.
• Several other large investors have also increased their positions in Harley-Davidson, with 85.10% of the stock owned by institutional investors and hedge funds.
• Harley-Davidson recently reported earnings of $0.88 per share, which is $0.11 below the consensus estimate, alongside a 19.3% year-over-year revenue decline.

Twelve Points Wealth Management LLC increased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 14.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,335 shares of the company's stock after acquiring an additional 9,966 shares during the quarter. Twelve Points Wealth Management LLC owned about 0.07% of Harley-Davidson worth $1,920,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Harley-Davidson by 282.9% in the 2nd quarter. GAMMA Investing LLC now owns 8,880 shares of the company's stock worth $210,000 after purchasing an additional 6,561 shares during the last quarter. Matrix Trust Co grew its position in Harley-Davidson by 24.6% during the second quarter. Matrix Trust Co now owns 11,449 shares of the company's stock worth $270,000 after buying an additional 2,262 shares in the last quarter. UMB Bank n.a. increased its stake in Harley-Davidson by 68.3% during the second quarter. UMB Bank n.a. now owns 2,198 shares of the company's stock valued at $52,000 after acquiring an additional 892 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Harley-Davidson by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,129 shares of the company's stock valued at $412,000 after acquiring an additional 607 shares in the last quarter. Finally, Triumph Capital Management lifted its position in shares of Harley-Davidson by 18.3% in the 2nd quarter. Triumph Capital Management now owns 9,717 shares of the company's stock worth $229,000 after acquiring an additional 1,503 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of Harley-Davidson stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of $24.06 per share, with a total value of $49,756.08. Following the completion of the purchase, the director owned 4,705 shares in the company, valued at $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

HOG has been the topic of several recent research reports. DA Davidson lifted their price objective on Harley-Davidson from $31.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, August 25th. UBS Group lowered their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Citigroup lifted their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Zacks Research upgraded shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Griffin Securities set a $34.00 price objective on Harley-Davidson in a report on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Harley-Davidson currently has a consensus rating of "Hold" and an average price target of $30.86.

Harley-Davidson Trading Up 2.6%

Shares of HOG stock opened at $28.83 on Friday. The company has a market capitalization of $3.50 billion, a P/E ratio of 14.94, a P/E/G ratio of 0.40 and a beta of 1.31. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.87. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $27.42 and a 200 day moving average price of $25.21.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings data 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). Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $1.63 EPS. The business's quarterly revenue was down 19.3% on a year-over-year basis. Research analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Harley-Davidson's dividend payout ratio (DPR) is currently 37.31%.

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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