Harley-Davidson (NYSE:HOG) Director Purchases $982,800.00 in Stock

Harley-Davidson, Inc. (NYSE:HOG) Director Daniel Nova purchased 40,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $24.57 per share, with a total value of $982,800.00. Following the acquisition, the director directly owned 47,605 shares in the company, valued at $1,169,654.85. This represents a 525.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Harley-Davidson Trading Down 1.1%

Shares of HOG opened at $26.21 on Thursday. The company’s fifty day moving average is $25.40 and its 200 day moving average is $22.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The stock has a market capitalization of $2.76 billion, a PE ratio of 16.08, a P/E/G ratio of 18.16 and a beta of 1.27. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. Sell-side analysts expect that Harley-Davidson, Inc. will post 0.5 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 2.9%. Harley-Davidson’s dividend payout ratio is currently 46.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HOG shares. Robert W. Baird boosted their price objective on Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Citigroup raised their price target on shares of Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Sunday, July 12th. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Finally, Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.11.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. increased its stake in shares of Harley-Davidson by 30.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock worth $182,345,000 after acquiring an additional 2,095,477 shares during the period. Boston Partners lifted its holdings in Harley-Davidson by 2.1% in the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after acquiring an additional 84,516 shares during the period. State Street Corp boosted 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 worth $88,682,000 after purchasing an additional 64,118 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Harley-Davidson by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after purchasing an additional 163,762 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Harley-Davidson by 456.7% during the 1st quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock worth $35,089,000 after purchasing an additional 1,423,675 shares during the period. Institutional investors and hedge funds own 85.10% 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.