Louisiana State Employees Retirement System purchased a new position in shares of Harley-Davidson, Inc. (NYSE:HOG – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 34,300 shares of the company’s stock, valued at approximately $694,000.
A number of other large investors also recently modified their holdings of the business. Pinnacle Holdings LLC bought a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $30,000. Fifth Third Bancorp increased its holdings 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 acquiring an additional 579 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after acquiring an additional 1,278 shares during the period. Johnson Financial Group Inc. boosted its position in Harley-Davidson by 15,387.5% during the third quarter. Johnson Financial Group Inc. now owns 3,717 shares of the company’s stock worth $104,000 after purchasing an additional 3,693 shares during the period. Finally, Westfuller Advisors LLC increased its holdings in shares of Harley-Davidson by 65.8% in the fourth quarter. Westfuller Advisors LLC now owns 4,002 shares of the company’s stock valued at $82,000 after purchasing an additional 1,588 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Harley-Davidson news, insider Paul J. Krause sold 1,564 shares of Harley-Davidson stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the transaction, the insider directly owned 30,012 shares of the company’s stock, valued at approximately $780,312. The trade was a 4.95% decrease in their position. The sale was disclosed in a filing 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, CFO Jonathan R. Root sold 1,554 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total transaction of $37,979.76. Following the sale, the chief financial officer directly owned 29,400 shares of the company’s stock, valued at $718,536. This represents a 5.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,672 shares of company stock worth $116,266 over the last ninety days. Company insiders own 0.97% of the company’s stock.
Harley-Davidson Price Performance
Harley-Davidson (NYSE:HOG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 0.39 earnings per share for the current year.
Harley-Davidson Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.61%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on HOG. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Griffin Securities set a $30.00 price objective on Harley-Davidson in a report on Monday. UBS Group boosted their target price on shares of Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, DA Davidson lifted their price objective on shares of Harley-Davidson from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.33.
Check Out Our Latest Stock Report on HOG
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.
Featured Stories
- Five stocks we like better than Harley-Davidson
- GE Vernova’s Power Surge Turns the Grid Into an AI Trade
- Orbiting Capital: Lawmakers Buy SpaceX Ahead of Index Inclusion
- Big Beautiful Boycott: Can It Really Hurt Coca-Cola, Amazon, and Kraft Heinz Stocks?
- 3 Stocks With Solid Yields and Sustainabale Payouts Boost Dividends Once Again
Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.
