Harley-Davidson, Inc. $HOG Shares Sold by Villanova Investment Management Co LLC

Key Points

• Villanova Investment Management Co LLC reduced its stake in Harley-Davidson by 51.1%, resulting in ownership of 20,311 shares valued at approximately $513,000.
• Several other hedge funds increased their investments in Harley-Davidson during the first quarter, with Versant Capital Management boosting its position by an astonishing 3,514.8%.
• Analysts have set a consensus price target of $30.86 for Harley-Davidson, with two analysts rating it as a Buy and six as a Hold.

Villanova Investment Management Co LLC trimmed its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 51.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,311 shares of the company's stock after selling 21,233 shares during the period. Villanova Investment Management Co LLC's holdings in Harley-Davidson were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HOG. Versant Capital Management Inc grew its stake in 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 acquiring an additional 949 shares during the last quarter. Assetmark Inc. boosted its stake 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 purchasing an additional 713 shares during the last quarter. CX Institutional acquired a new stake in shares of Harley-Davidson during the 1st quarter worth about $28,000. Financial Harvest LLC acquired a new stake in shares of Harley-Davidson during the 1st quarter worth about $30,000. Finally, UMB Bank n.a. boosted its stake 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 purchasing an additional 791 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Harley-Davidson news, Director Rafeh Masood purchased 2,068 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the acquisition, the director owned 4,705 shares of the company's stock, valued at approximately $113,202.30. This represents a 78.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.93% of the company's stock.

Harley-Davidson Trading Down 2.5%

Shares of HOG stock traded down $0.76 during trading hours on Friday, hitting $29.94. 1,383,713 shares of the company were exchanged, compared to its average volume of 1,602,221. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The firm has a fifty day moving average of $26.46 and a 200 day moving average of $24.97. 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 market cap of $3.64 billion, a PE ratio of 15.51, a PEG ratio of 0.44 and a beta of 1.31.

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

Harley-Davidson Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on HOG. DA Davidson raised their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. UBS Group decreased their price target on shares of 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 raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a research note on Monday, August 25th. Finally, Citigroup raised their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Harley-Davidson currently has a consensus 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.