TCM Advisors LLC Purchases New Position in Harley-Davidson, Inc. $HOG

TCM Advisors LLC purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,218 shares of the company’s stock, valued at approximately $739,000.

Several other hedge funds have also recently bought and sold shares of the stock. Pinnacle Holdings LLC bought a new position in shares of Harley-Davidson during the fourth quarter valued at $30,000. Versant Capital Management Inc grew its holdings in shares of Harley-Davidson by 858.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after purchasing an additional 1,459 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after purchasing an additional 579 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Harley-Davidson during the 2nd quarter valued at about $59,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. UBS Group increased their price target on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Robert W. Baird raised their price target on Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Griffin Securities set a $33.00 price objective on Harley-Davidson in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $26.78.

Insider Activity

In related news, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the transaction, the chief financial officer owned 27,846 shares in the company, valued at approximately $692,808.48. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel J. Nova bought 40,000 shares of the stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of $24.57 per share, with a total value of $982,800.00. Following the purchase, the director directly owned 47,605 shares of the company’s stock, valued at approximately $1,169,654.85. This represents a 525.97% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 57,500 shares of company stock valued at $1,439,550. Insiders own 0.97% of the company’s stock.

Harley-Davidson Stock Up 0.1%

NYSE:HOG opened at $28.22 on Monday. The stock’s fifty day simple moving average is $25.93 and its 200-day simple moving average is $23.18. The firm has a market capitalization of $2.94 billion, a P/E ratio of 17.31, a P/E/G ratio of 17.42 and a beta of 1.27. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. Harley-Davidson, Inc. has a 12-month low of $17.09 and a 12-month high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 earnings per share. Equities research analysts expect that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.

Harley-Davidson Company 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.