Harley-Davidson, Inc. $HOG Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Harley-Davidson by 31.4%, owning approximately $1.89 million worth of stock, or 0.06% of the company.
• Harley-Davidson's latest quarterly earnings missed analysts' expectations, reporting $0.88 EPS compared to a forecast of $0.99, with a 19.3% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.18 per share, which will yield an annualized dividend of 2.5% based on its current payout ratio of 37.31%.

Voya Investment Management LLC boosted its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 31.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,655 shares of the company's stock after acquiring an additional 17,837 shares during the period. Voya Investment Management LLC owned 0.06% of Harley-Davidson worth $1,885,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its position in Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company's stock valued at $53,000 after acquiring an additional 1,278 shares during the period. Empowered Funds LLC increased its position in Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company's stock worth $443,000 after purchasing an additional 2,712 shares during the period. Caxton Associates LLP acquired a new position in Harley-Davidson during the 1st quarter worth approximately $1,577,000. Jones Financial Companies Lllp increased its position in Harley-Davidson by 9,485.0% during the 1st quarter. Jones Financial Companies Lllp now owns 302,503 shares of the company's stock worth $7,638,000 after purchasing an additional 299,347 shares during the period. Finally, Millennium Management LLC acquired a new position in Harley-Davidson during the 1st quarter worth approximately $33,884,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Price Performance

NYSE:HOG traded up $0.44 during trading hours on Monday, reaching $28.76. 1,959,141 shares of the company traded hands, compared to its average volume of 1,681,611. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.87. The stock has a market cap of $3.50 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.40 and a beta of 1.31. The firm's 50-day moving average is $27.03 and its 200-day moving average is $25.14. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the business posted $1.63 earnings per share. The company's quarterly revenue was down 19.3% compared to the same quarter last year. Equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.72 annualized dividend and a dividend yield of 2.5%. Harley-Davidson's dividend payout ratio (DPR) is currently 37.31%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood bought 2,068 shares of the stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the purchase, the director directly owned 4,705 shares of the company's stock, valued at approximately $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.93% of the stock is owned by corporate insiders.

Harley-Davidson Company 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.