Twelve Points Wealth Management LLC Decreases Position in Harley-Davidson, Inc. $HOG

Twelve Points Wealth Management LLC lowered its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,293 shares of the company’s stock after selling 34,393 shares during the period. Twelve Points Wealth Management LLC’s holdings in Harley-Davidson were worth $949,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in Harley-Davidson by 1,277.0% in the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after buying an additional 1,014,660 shares in the last quarter. Vanguard Group Inc. grew its stake in Harley-Davidson by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after buying an additional 886,998 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Harley-Davidson in the 3rd quarter valued at approximately $21,761,000. Algert Global LLC purchased a new position in Harley-Davidson in the 3rd quarter valued at approximately $17,246,000. Finally, WINTON GROUP Ltd grew its stake in Harley-Davidson by 449.9% in the 3rd quarter. WINTON GROUP Ltd now owns 295,687 shares of the company’s stock valued at $8,250,000 after buying an additional 241,918 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Rafeh Masood purchased 2,775 shares of Harley-Davidson stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $49,950.00. Following the transaction, the director directly owned 7,480 shares of the company’s stock, valued at approximately $134,640. This trade represents a 58.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James D. Farley, Jr. sold 6,454 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total transaction of $120,754.34. Following the transaction, the director owned 16,205 shares of the company’s stock, valued at $303,195.55. This trade represents a 28.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.93% of the stock is owned by insiders.

Harley-Davidson Stock Up 0.6%

HOG opened at $22.80 on Friday. The company has a fifty day moving average price of $19.52 and a 200-day moving average price of $22.35. The firm has a market capitalization of $2.55 billion, a P/E ratio of 8.74 and a beta of 1.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.10 and a quick ratio of 1.83. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($1.52). The firm had revenue of $496.16 million for the quarter, compared to analysts’ expectations of $482.21 million. Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.93) earnings per share. Equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1875 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, March 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. Harley-Davidson’s dividend payout ratio (DPR) is presently 28.74%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HOG. BMO Capital Markets reiterated an “outperform” rating and issued a $24.00 price objective on shares of Harley-Davidson in a research note on Wednesday, February 11th. Citigroup reduced their price objective on shares of Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. UBS Group reduced their price objective on shares of Harley-Davidson from $27.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Morgan Stanley reiterated an “underweight” rating and issued a $12.00 price objective on shares of Harley-Davidson in a research note on Tuesday, February 17th. Finally, DA Davidson reduced their price objective on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $21.67.

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.