MUFG Securities EMEA plc Invests $2.87 Million in Harley-Davidson, Inc. $HOG

MUFG Securities EMEA plc purchased a new position in Harley-Davidson, Inc. (NYSE:HOG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 140,000 shares of the company’s stock, valued at approximately $2,869,000. MUFG Securities EMEA plc owned about 0.12% of Harley-Davidson as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Harley-Davidson by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock worth $361,544,000 after buying an additional 886,998 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Harley-Davidson by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,597,336 shares of the company’s stock valued at $184,072,000 after purchasing an additional 28,828 shares during the last quarter. Boston Partners lifted its position in Harley-Davidson by 2.1% in the 3rd quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after purchasing an additional 84,516 shares during the last quarter. American Century Companies Inc. lifted its position in Harley-Davidson by 1.6% in the 3rd quarter. American Century Companies Inc. now owns 3,946,754 shares of the company’s stock valued at $110,114,000 after purchasing an additional 62,647 shares during the last quarter. Finally, State Street Corp lifted its position in Harley-Davidson by 1.7% in the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company’s stock valued at $88,682,000 after purchasing an additional 64,118 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Stock Performance

Shares of HOG opened at $24.36 on Tuesday. The firm’s 50 day moving average is $22.74 and its 200-day moving average is $21.54. The stock has a market capitalization of $2.56 billion, a P/E ratio of 13.84, a P/E/G ratio of 14.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66. Harley-Davidson, Inc. has a 12-month low of $17.09 and a 12-month high of $31.25.

Harley-Davidson (NYSE:HOG) last released 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). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The business’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the business earned $1.07 earnings per share. Equities research analysts anticipate that Harley-Davidson, Inc. will post 0.38 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 8th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is 42.61%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HOG shares. 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 downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 14th. Robert W. Baird set a $28.00 price objective on shares of Harley-Davidson in a research report on Wednesday, May 6th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.22.

Insider Activity at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $24.21, for a total value of $37,622.34. Following the transaction, the chief financial officer directly owned 32,508 shares of the company’s stock, valued at $787,018.68. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of Harley-Davidson stock in a transaction that occurred on Monday, May 11th. The stock was 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 in the company, valued at approximately $780,312. This trade represents a 4.95% decrease in their ownership of the stock. 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. Company insiders own 0.97% of the company’s stock.

About Harley-Davidson

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.