Harley-Davidson, Inc. $HOG Shares Purchased by Bailard Inc.

Bailard Inc. increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 94.3% during the 4th quarter, HoldingsChannel reports. The fund owned 54,032 shares of the company’s stock after acquiring an additional 26,219 shares during the quarter. Bailard Inc.’s holdings in Harley-Davidson were worth $1,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in Harley-Davidson by 1,277.0% in the fourth quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after purchasing an additional 1,014,660 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Harley-Davidson by 7.3% during the third quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock worth $361,544,000 after acquiring an additional 886,998 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Harley-Davidson during the third quarter worth approximately $21,761,000. Algert Global LLC purchased a new position in shares of Harley-Davidson during the third quarter worth approximately $17,246,000. Finally, WINTON GROUP Ltd grew its position in shares of Harley-Davidson by 449.9% during the third quarter. WINTON GROUP Ltd now owns 295,687 shares of the company’s stock worth $8,250,000 after acquiring an additional 241,918 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Activity at Harley-Davidson

In related news, Director James D. Farley, Jr. sold 6,454 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total value of $120,754.34. Following the completion of the transaction, the director owned 16,205 shares of the company’s stock, valued at approximately $303,195.55. The trade was a 28.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul J. Krause sold 1,564 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the transaction, the insider directly owned 30,012 shares of the company’s stock, valued at $780,312. The trade was a 4.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HOG shares. Wells Fargo & Company lifted their price objective on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $24.00 price objective on shares of Harley-Davidson in a research report on Wednesday, February 11th. Citigroup lifted their price objective on shares of Harley-Davidson from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, DA Davidson lowered their price objective on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.89.

Harley-Davidson Trading Up 1.2%

NYSE:HOG opened at $25.62 on Thursday. The company has a market capitalization of $2.70 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 9.46 and a beta of 1.27. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. Harley-Davidson, Inc. has a 52-week low of $17.09 and a 52-week high of $31.25. The stock has a fifty day simple moving average of $21.23 and a 200-day simple moving average of $21.75.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm posted $1.07 EPS. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities research analysts expect that Harley-Davidson, Inc. will post 0.63 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Monday, March 2nd were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. Harley-Davidson’s dividend payout ratio is presently 42.61%.

Harley-Davidson Profile

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.